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August 24, 2010
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Rhode Island Asset Protection News

 

Grassley: $2 Million To Support Agriculture Counter-Terrorism Project In Iowa

WASHINGTON - Sen. Chuck Grassley said today that the U.S. Department of Homeland Security has awarded $2,000,000 to Iowa to prevent agro-terrorism.

The Iowa Department of Public Defense, Emergency Management Division, will use this funding to support the Agriculture Counter-terrorism Project, which will help build an enhanced and sustainable capacity to prevent, respond to and recover from threats or acts of terrorism.

"Terrorists disrupting our food supply is a real threat," Grassley said. "This funding can help the Agriculture Counter-terrorism Project become a national model that can be used across the country to protect our food supply. As one of the leading food producing states in the country, it's critically important the Iowa use this funding to determine how best to protect its agriculture industry."

This project will initiate interstate agro-security planning initiative and model asset protection for the food supply chain. The Agriculture Counter-terrorism Project will provide the agriculture industry with effective methods for identifying vulnerabilities and developing effective security strategies. This project will promote standard asset-level security programs that compliment regional counter-terrorism programs.

The Agriculture Counter-terrorism Project will collaborate with the Multi-State Partnership for Security in Agriculture to accomplish project objectives and promote initiatives.


 

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Did You Know?    
 
 
A Living Trust is an entity created for the purpose of holding and managing assets
A Living Trust is an entity created for the purpose of holding and managing assets for the benefit of the creators of the Trust (the “Trustors”) during their lifetimes and then for the purpose of management and distribution of the assets to the beneficiaries designated by the Trustors. There are various reasons for creating Living Trusts: (a) To avoid probate administration on death of either Trustor. (b) To avoid a court supervised conservatorship in the event of lifetime disability of either Trustor. (c) To provide for the management and distribution of assets during continued administration of the Trust or upon its termination.

 


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News about Asset Protection cases in Rhode Island and nationwide:

Protective's Asset Protection Division to Join DealerTrack
LAKE SUCCESS, N.Y., June 26, 2006 /PRNewswire via COMTEX News Network/ -- DealerTrack Aftermarket Services, Inc. today announced that Protective's ...
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Agencies Issue Rulemakings to Amend Risk-Based Capital Treatment of Exposures to Asset-Backed Commercial Paper Programs and Securitizations with Early Amortization Provisions
The federal bank and thrift regulatory agencies today requested public comment on an interim final rule and a notice of proposed rulemaking (NPR) t...
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How Medicaid Asset Protection Works
The Medicaid Asset Protection feature is designed to provide you with added coverage through the Connecticut Medicaid program, if you con...
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Asset Protection Lawyers.com Terms

 


Today's Terms

Bearer Accounts

Definition:
The bearer account requires a minimum of USD 7,000 as the initial deposit plus facilitator fees. Funds can only be deposited or withdrawn upon presentation of both a password and a bearer bank account book.

Tax exempt entity

Definition:
To hold the protected assets. The stock in this tax exempt entity can be held by an asset protection trust. As a result, the stock does not show up on the balance sheet of the taxpayer and the income from the assets is likewise off the tax return of the protected client.

Private mortgage insurance (PMI)

Definition:
Protection for the lender against a loss if a borrower defaults on a loan. It is usually required for loans in which the down payment is less than 20 percent of the sales price or, in a refinancing, when the amount financed is greater than 80 percent of the appraised value.

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Asset Protection Resources

 


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Asset Protection Hot Topics

 
Topics Related to Asset Protection:

  • Trusts
  • Wills
  • Uniform Probate Code
  • Gift Tax
  • Dynasty Trust
  • Annuities

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Rhode Island Asset-Protection Attorney

 
If you live in the following cities and need an Asset-Protection attorney you should contact our Asset-Protection Attorney as soon as possible:

  • Barrington
  • Bristol
  • Central Falls
  • Coventry
  • Cranston
  • Cumberland
  • East Greenwich
  • East Providence
  • Johnston
  • Lincoln
  • Middletown
  • Narragansett
  • Newport
  • North Kingstown
  • North Providence
  • Pawtucket
  • Portsmouth
  • Providence
  • Riverside
  • Tiverton
  • Wakefield
  • Warwick
  • West Warwick
  • Westerly
  • Woonsocket


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