Domestic Asset Protection Trusts are spreading to more jurisdictions. However, their protections may be waning. Read on to learn more about Domestic Asset Protection Trusts. Domestic Asset Protection Trusts … [Read more...] about Domestic Asset Protection Trusts
Estate Planning addresses many concerns, not just taxes. It can protect beneficiaries from their own creditors, provide divorce and remarriage protection, and protect the benefits of children with special needs. Learn more about how Estate Planning can help protect your beneficiaries by providing privacy and other benefits. Estate Planning is About More Tan Taxes … [Read more...] about Estate Planning is About More Tan Taxes
Whom should you name as the beneficiary of your IRA or Qualified Plan? Sometimes, it can be best to name a trust for your intended beneficiary. Read on to see the protections a trust can offer that a direct designation of the individual would not. Naming a Trust as Beneficiary of an IRA … [Read more...] about Naming a Trust as Beneficiary of an IRA
An estate plan considers not just to whom assets should go, but also how. Each beneficiary is unique and the estate plan should consider their unique situation. This article looks at a couple with three very different children and how they might leave the assets for them in three very different ways. 6 Important Estate Planning Considerations – Part 3: Your Kids … [Read more...] about 6 Important Estate Planning Considerations – Part 3: Your Kids
Perhaps the largest part of most Americans’ wealth is in their qualified plan or IRA. Planning for these assets is one of the most important parts of the estate plan, for many reasons. This article will discuss the asset protection of such plans and how a trust may be used to provide asset protection. Planning for Retirement Plans and IRAs: Asset Protection … [Read more...] about Planning for Retirement Plans and IRAs: Asset Protection
Trusts are a popular addition to an estate plan due in large part to the flexibility a trust offers and the numerous goals that can be accomplished with a trust. Although the primary goal of your estate plan is likely to ensure that your assets are divided according to your wishes when you die, you likely have additional goals that you wish to include in your estate plan. Asset protection is one goal that people often include in an estate plan. A trust can be used to protect assets; however, the … [Read more...] about Does a Revocable Living Trust in St. Louis Provide Asset Protection?
Individually owned and closely held businesses are often created as limited liability companies or LLCs, and one of the reasons why this is done is to protect personal assets. These entities exist in a type of gray area between corporations and sole proprietorships or partnerships. The people who own an LLC are referred to as "members," and the law does allow for single-member limited liability companies. The members of an LLC gain the benefit of keeping their own personal finances separate and … [Read more...] about Asset Protection Via LLC