Author Profile
Ken Laino
Phone: (216) 696-4200
1111 Superior Avenue, Suite 1000
Cleveland
Ohio
44114
United States
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About
Ken Laino focuses his practice on asset protection planning and related areas —business and real estate law, trusts, estate planning and business succession planning.Ken’s expertise in asset protection planning developed in response to the needs and concerns of many of his clients. Both individual and business clients have become increasingly concerned about potential losses from catastrophic lawsuits, as well as losses due to general economic conditions. Ken’s experience with business entities and transactions, trusts, real estate and business litigation enables him to provide valuable counsel with respect to asset protection strategies.
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Recent Articles
Medical Malpractice Suit can be Emotionally Devastating to a Physician
Being named as a defendant in a medical malpractice case can be emotionally devastating to a physician -- even if the physician is only peripherally involved in the case. Very few people fully appreciate how troubling it can be for a doctor who is named in such a lawsuit. An...
Another Debt Collection Firm Agrees to Change its Collection Practices
Debt Collector NCO Financial Systems will pay $1.5 million and change some of its collection practices to end an investigation by 19 states, including Ohio. That is according to an article today in the Cleveland Plain Dealer, by its Consumer Affairs Reporter, Sheryl Harris. The...
Mitt Romney Keeps Funds in Cayman Islands and Switzerland
As I have mentioned in many other posts, there is nothing wrong with using Swiss bank accounts or offshore entities. A recent front page article in the New York Times noted that Mitt Romney and his wife hold millions of dollars in a Swiss bank account and millions more in partnerships in the...
Asset Protection Planning Should Have a Multi-Generational Focus
It is generally estimated that more than half of all Americans have absolutely no estate planning documents. This can potentially create a lot of hassles for your loved ones. But even those Americans with very good estate planning documents often fail to focus on asset protection for their...
IRS Form 8938 -- Another Reporting Requirement for Offshore Assets
The IRS is continuing its efforts to identify sources of offshore taxable income of U.S. taxpayers. This has lead to a new reporting requirement. Many U.S. taxpayers with foreign assets must now file IRS Form 8938 - Statement of Specified Foreign Financial Assets. This new...