Tag Archives: Asset Protection

Painless Estate Planning

Creating a responsible estate plan does not have to be as painful or difficult as many people believe. As a matter of fact, the whole process can be completed within a few weeks. More importantly, once it is complete, you … more

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Decanting a Trust – What it Means and When it Should be Considered

> Is this about wine?  Unfortunately, no. > What does it mean to decant a trust?  Trust decanting is the process of pouring the assets of one irrevocable trust (the “original trust”) into a second irrevocable trust with more desirable … more

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Estate Planning, Marriage and Divorce

When considering marriage or a divorce, your estate planning is likely low on the list of priorities. However, these are significant changes in a family situation that should trigger an immediate review of your existing estate planning documents or preparation … more

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Asset Protection Through Estate Planning – Update

> The benefits of asset protection must be considered when you are building wealth, not when you need to protect it. > Transfers of property that occur specifically for the purposes of hindering, delaying or defrauding creditors are considered fraudulent. … more

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Year-End Estate Planning To-Do List

> Familiarity with the terms of your documents is an essential part of having an up-to-date estate plan.   > If you do not have an estate plan in place, the end of the year is an ideal time to … more

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Structuring Your Trust for Success

Trusts are not just for wealthy families who need tax planning; they can also provide great flexibility for you and significant protection to your loved ones. When it comes to asset protection, threats to an inheritance come in many forms—from … more

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Spectrum of Withdrawal Limitations

> Trusts allow for withdrawal limitations ranging from common to creative. > Overly-specific requirements may burden the family and trustee and be struck down if they violate public policy. > Understanding and anticipating the practical administration of the estate prior … more

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The Death of Whitney’s Daughter

> Outdated estate planning documents can be as dangerous as not having an estate plan at all. > A proper estate plan should provide significant asset protection and oversight for your beneficiaries. > A change in your family or financial … more

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The Value of Proper Estate Planning

> Reducing the estate tax and administration burden on your family during a difficult time is an invaluable benefit of proper estate planning. > An incomplete estate plan can lead to extensive legal costs and permanently strained relationships. > The … more

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Small but Significant Change Proposed to Special Needs Trust Law

The addition of two words to the Social Security Act could have a significant effect on the law governing special needs trusts. A special (or supplemental) needs trust is established for the benefit of a disabled individual to provide for … more

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