August 14, 2017
Spousal Lifetime Access Trust

Spousal Lifetime Access Trust

What is a Spousal Lifetime Access Trust (SLAT)? A SLAT is an Irrevocable Trust that: Provides specific support for a spouse for life Is excluded from the taxable estates of both spouses If everything goes as planned, ultimately passes more than the exclusion amount to the children or other designated […]
July 6, 2015

Asset Protection Lawyer Liability

Asset Protection Lawyer Liability “Asset Protection” is often an inherent part, or natural result, of effective Estate Planning.  Just what “asset protection” means varies widely from lawyer to lawyer, and client to client.  The off-the-shelf definition of asset protection seldom fits the client’s exact needs without alteration.  Likewise, the risks associated with […]
June 1, 2015

Trust Protector – Defender of Trusts

A Trust Protector is a party other than a Trustee or a Beneficiary who has certain powers regarding the Trust and its administration.  These powers may be very broad or narrow as determined by the Trust instrument.  They may include the power to remove or replace trustees and beneficiaries, cure […]
September 2, 2014

Stupid Trust Tricks – When Asset Protection Fails

A Trust that was supposed to protect assets from creditors didn’t.  The reason why happens every day with most trusts.  Failure to follow simple guidelines could mean that your trust is vulnerable to the creditors of your children.  “Stupid Trust Tricks” are when people either have the wrong kind of trust […]