Asset Protection

Is a delayed inheritance really an enhanced inheritance?

Posted on: November 14th, 2019
Aside from having more control over how the assets will be used, there are also several protections that come from a trust as opposed to an outright distribution....

Is now the time to remodel your old trust?

Posted on: November 6th, 2019
Making changes to an existing trust - and other estate planning documents - can help you save money and costs, and it may allow you to make better investments decisions....

Three Keys to Protecting Yourself from a Rogue Executor

Posted on: October 31st, 2019
If you are a beneficiary under a loved one’s estate plan, you may be under the assumption that those assets will be distributed according to his or her wishes. Inheritance theft, however, is an underreported problem that can cost families dearly....

Legal Paperwork Cheatsheet: A Guide to the Top 12 Must-Have Documents

Posted on: October 24th, 2019
Whether you own a little or a lot, the last thing you want to do to your loved ones is leave a bureaucratic mess after you pass away or become incapacitated...

How to Manage Your Basis “Step Up”

Posted on: October 17th, 2019
If you or someone you know has received an inheritance, it is important for you to understand how to manage your basis “step up.” A “step up” in basis is the adjustment of the value of an appreciated asset - for tax purposes - upon inheritance. ​...

Did you or a loved one make any of these five critical estate planning mistakes?

Posted on: October 10th, 2019
Most Americans are indifferent to estate planning - at best - or completely ignore the issue - at worst. ...

The Silent Threat to Your Estate Plan

Posted on: October 3rd, 2019
It is common knowledge that everyone needs to have an estate plan in place. Commonly, the focus is on assets, taxes, and any changes to legislation that may affect the security of your loved ones in the event of your incapacity or death....

Cryptocurrency and Estate Planning: What You Need to Know

Posted on: September 26th, 2019
Your entire cryptocurrency investment can essentially disappear into thin air the moment you pass away or become incapacitated. If you have not taken the proper steps to plan and protect these assets, your loved ones left behind have no way of accessing or recovering them....

What to Do with Your Beloved Collection

Posted on: September 12th, 2019
Knowing specifically who is going to be receiving your collection may be part of the peace of mind you are looking to achieve with the preparation of your estate planning....

The Biggest Threats to Successful Estate Planning

Posted on: August 30th, 2019
If you have not done any estate planning or if what you have done is ineffective, your estate will be subject to your state’s intestate laws. These laws predetermine who will inherit your assets and in what proportion....

Digital Afterlife: An Estate Plan For Your Social Media Accounts

Posted on: March 22nd, 2019
While the internet has made our lives easier by allowing us to access our information with the simple push of a button, it may be difficult for our loved ones to do the same once we are gone....

What to Do with Your Beloved Collection

Posted on: March 15th, 2019
Whether your beloved collection consists of artwork, books, cars, music, or other significant items, you should not forget about this valuable asset when estate planning. You have likely spent quite some time -- whether years or your entire life -- building your collection; you should not leave its fate to the whims of the court....

Joint Tenancy Pitfalls: The ‘Simple’ Fix that Can Leave Your Family Broke

Posted on: March 1st, 2019
There are many ways to own your assets. When you die, it is only natural that you want your family to share in the bounty of your hard work....

Are Your Documents Following the Same Script? Basics of Beneficiary Forms and Estate Planning

Posted on: February 8th, 2019
In the event of your untimely death, the manner in which your beneficiaries -- or those people who receive your assets from your estate -- are determined is highly dependent on how your property is titled....

How to Align Insurance with Your Estate Plan

Posted on: January 25th, 2019
Trying to coordinate your own insurances and manage risks yourself is a daunting task....

How to Avoid High Octane Stress and Organize Information for Your Family

Posted on: January 11th, 2019
What would happen if you suddenly became incapacitated or died. Would your spouse or family know what to do?...

Educational Trusts

Posted on: November 16th, 2018
As the name implies, an educational trust is a trust created to pay for loved ones’ education. Often parents, grandparents - or even aunts or uncles and friends - desire to create or continue an education legacy....

How to Share Family History and Heirlooms with Your Estate Plan

Posted on: November 16th, 2018
While you can always pull aside children and grandchildren for a chat about family history, did you know you may also be able to use a personal property memorandum in your estate plan to pass along special memories and stories about specific items that are meaningful to you and connect your family with the past?...

Grandchildren's Trust

Posted on: November 9th, 2018
UTMA and UGMA are not a great way to fund an education, get assets out of your estate, or lower income taxes. Instead, we encourage you to consider grandchildren’s trusts (or children’s trusts), which continue to be used quite successfully....

The Limited Liability Company as an Estate Planning Tool

Posted on: November 2nd, 2018
Look around and you’ll likely notice LLC after LLC in your community. Why? Because the limited liability company (LLC) is a popular entity in the estate planning and business worlds. ...

Asset Protection Planning

Posted on: October 26th, 2018
Asset protection planning, which is an important part of estate planning, can protect you, your family, and your assets....

Domestic Asset Protection Trust

Posted on: October 5th, 2018
One benefit of a Revocable Living Trust is the ability to pass assets to loved ones in asset protection trusts; these are trusts that can’t be seized in the event of a lawsuit, divorce, bankruptcy, medical crisis, business failure, and the like....

Is a Financial Plan Enough? Why Experts Say You Need an Estate Plan, too.

Posted on: September 28th, 2018
Financial planners take stock of an individual’s fiscal landscape and come up with approaches to maximize his or her overall financial well-being. ...

Why would my loved ones need asset protection?

Posted on: September 21st, 2018
Why would my loved ones need asset protection?...

What is an FLP?

Posted on: September 7th, 2018
What is an FLP?...

Do You Own Rental Property? How Proactive, Comprehensive Estate Planning Can Help

Posted on: August 31st, 2018
A comprehensive estate plan should address all of your assets. For most people, an estate plan must include three common categories: (1) your home; (2) financial accounts, like your checking and savings account; and (3) personal property. Other types of assets - such as life insurance, retirement funds, and annuities - should also be considered as part of your estate plan....

Can You Bequeath Your Frequent Flyer Miles?

Posted on: August 24th, 2018
If you’re a frequent airline traveler, one of your estate planning concerns may be what will happen to your accumulated miles once you’re gone. ...

Does My Estate Plan Need to Include My Vacation Property?

Posted on: August 17th, 2018
Having a comprehensive estate plan puts you in control and lets you determine who will receive your property, regardless of where it’s located. ...

How Does My Annuity Fit Into My Estate Plan?

Posted on: August 10th, 2018
Selecting the right type of annuity for yourself is no small feat. Of course, you’ve put in the research and planned with your financial advisors. But, you might still be wondering what happens to those annuity payments upon your death....

Kids Going Away To College? Why You Should Include Estate Planning in the Preparations

Posted on: August 3rd, 2018
You've probably focused on the fact that, having graduated from high school, your kid's an adult now—meaning that your child's going to spread her wings. But what is essential to remember: At 18, a college student may still want her mom and dad her side if she gets sick, but legally, decisions for medical care are hers alone....

The Perils of Joint Property

Posted on: July 27th, 2018
The appeal of joint tenancy is that when one owner dies, the other will automatically inherit the property without it having to go through probate....

The Difference between Lifetime and Deathtime Planning… and Why a Comprehensive Plan Must Include Both

Posted on: July 20th, 2018
It’s all too clear that most of us think “estate planning” is a euphemism for “deathtime” planning. ...

Life Insurance and Estate Planning: Protecting Your Beneficiaries’ Interests

Posted on: July 13th, 2018
Life insurance is an important estate planning tool, but without certain protections in place, there's no guarantee that your spouse or children will receive the benefit of your purchase of life insurance....

How You Can Build an Estate Plan that Includes Asset Protection

Posted on: May 25th, 2018
It’s entirely possible that you’ll never need asset protection, but it’s much better to be ready for whatever life throws your way....

Caution: Your Traditional Asset Protection Plan is Set Up to Fail

Posted on: May 11th, 2018
Asset protection planning takes many forms; in general, asset protection is action taken to preserve and protect your property in advance of a claim, or the threat of a claim....

The Shocking Truth About Asset Protection Planning

Posted on: March 23rd, 2018
What can you do that will ethically and legally protect your hard-earned assets from creditors, predators, and lawsuits?...

Standalone Retirement Trusts

Posted on: March 16th, 2018
If you have retirement accounts you value and would like to pass along to your loved ones, an SRT might be a good fit for you...

The Limited Liability Company as an Estate Planning Tool

Posted on: February 23rd, 2018
The limited liability company (LLC) is a popular entity in the estate planning and business worlds. ...

Asset Protection Planning

Posted on: January 19th, 2018
We all have a lawsuit bulls-eye on our backs. Unfortunately, lawsuits, including frivolous lawsuits, are filed daily against good people like you....

Domestic Asset Protection Trust

Posted on: January 12th, 2018
While you can use an RLT to provide asset protection for loved ones, you can’t use it to create asset protection for yourself....

Estate Planning for Unmarried Partners

Posted on: December 15th, 2017
When you’re in a romantic partnership - as opposed to a marriage - you need to create the legal protections and benefits automatically afforded to those who are married. ...

Why would my loved ones need asset protection?

Posted on: December 8th, 2017
Lawsuits are filed every few seconds all year long....

What is an LLC?

Posted on: December 1st, 2017
What is an LLC?...

Do I need asset protection?

Posted on: November 14th, 2017
Everybody needs asset protection....

What is asset protection?

Posted on: November 10th, 2017
Asset protection prevents your assets from being seized by creditors....

Is a Revocable Living Trust Right for You?

Posted on: November 3rd, 2017
For some, a Revocable Living Trust may not be necessary to achieve their estate planning goals or may even be detrimental to achieving those goals....

Does Your Estate Plan Protect Your Adult Beneficiaries?

Posted on: October 16th, 2017
If you think you only need to create discretionary lifetime trusts for young beneficiaries, problem beneficiaries, or financially inexperienced beneficiaries, then think again. ...

How to Easily Integrate Asset Protection Trusts into Your Estate Plan

Posted on: August 25th, 2017
Asset protection trusts come in many different forms and can be used to protect property for your use and benefit as well as for the use and benefit of your family. ...

Three Asset Protection Tips You Need

Posted on: August 16th, 2017
A common misconception is that only wealthy families and people in high risk professions need to put together an asset protection plan. But in reality, anyone can be sued....

The Trust Protection Myth: Your Revocable Trust Protects Against Lawsuits

Posted on: July 12th, 2017
Many people believe once they set up a Revocable Living Trust and transfer assets into the Trust, those assets are protected from lawsuits. This is absolutely not true....

Taking Care of a Valuable Asset (You)

Posted on: June 23rd, 2017
Too often, we let ourselves slip to the bottom of the priority list. But when you start to think of yourself as your most valuable asset and begin to nourish and protect this asset, you will perform at your best and increase your value....

Steps you can and should take now to protect your assets

Posted on: May 11th, 2017
The best time to do asset protection planning is before a claim arises....

Understanding Property Losses.

Posted on: April 17th, 2017
Property insurance provides protection against most risks to property, such as fire, theft and some weather damage. However, if property has appreciated and there isn't sufficient insurance for replacement value, any losses must be paid out of pocket. ...

Some strategies that can restore a person's self-confidence and avoid financial failures in the future.

Posted on: April 7th, 2017
Most of us will admit to having made some financial mistakes we regret--running up credit card debt, impulse buying, or making a bad investment or business decision. While there can be significant devastation, the key is to move beyond regret into productive action. ...

The Shocking Truth About Asset Protection Planning

Posted on: February 16th, 2017
The first step in protecting your assets is to understand that planning to preserve and secure your property in advance of a claim, or the threat of a claim, is a legitimate form of wealth planning. ...

Taking Care of a Valuable Asset (You)

Posted on: February 15th, 2017
Too often, we let ourselves slip to the bottom of the priority list. But when you start to think of yourself as your most valuable asset and begin to nourish and protect this asset, you will perform at your best and increase your value. ...

Areas in which we may pay more than necessary

Posted on: January 24th, 2017
Sharing good financial practices with your children and/or grandchildren can be part of your legacy, as you help them prepare to be prudent and responsible beneficiaries...

Where People Waste Money...And Actions to Consider

Posted on: January 17th, 2017
In many ways, it is the routine purchases that occur without planning that subsequently accumulate to large amounts....

Are you Wasting Your Money?

Posted on: January 10th, 2017
Most of us are guilty of wasting money in one way or another. Often we are so busy that we pay too much for convenience, and we don't comparison shop or look for bargains. ...

Organize Information for Your Family

Posted on: July 17th, 2013
Think for a few moments about what would happen if you suddenly became incapacitated or died. Would your spouse or family know what to do? Would they know where to find important records, assets and insurance documents? Would they be able to access (or even know about) online accounts or files on your computer? Would they know whom to ask if they need help? Putting the effort in now to establish a formal document inventory can alleviate unnecessary anxiety and turmoil in the future....

How to Choose a Trustee

Posted on: July 2nd, 2013
When you establish a trust, you name someone to be the trustee. A trustee basically does what you do right now with your financial affairs--collect income, pay bills and taxes, save and invest for the future, buy and sell assets, provide for your loved ones, keep accurate records and generally keep things organized and in good order....
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