Posts Tagged ‘Best Practices’
Trust Decant – Old Wine New Bottle
Trust Decant The term “decant” means to pour the contents of one container into another container. It is like pouring old wine into a new bottle. It has come to refer to the practice of forming a new updated trust, and transferring the assets from an old obsolete trust to the new trust as a…
Read MoreResolving Disputes in Estates with ADR
Staying Out of the Courtroom Preventing and resolving disputes concerning your estate may be one of the most important functions of your estate plan. The reason is simple. Disputes are perhaps the greatest risk to both your financial wealth, and your family. Families are naturally resilient, and can recover from most any trouble. But when…
Read MoreMember Managed LLC’s are a Bad Idea
Is a Member Managed LLC a Good Idea or a Bad Idea? With rare exceptions, Member Managed LLC’s are a bad idea. In spite of this, the most common form of LLC structure is Member Managed. Sadly, almost all CPA’s and even some attorneys have no idea that a Member Managed LLC fails to accomplish…
Read MoreJurisdictional Diversification
Jurisdictional Diversification Jurisdictional Diversification is a reality for most people whether they know it or not. If you have family members or property or business interests in more than one place, you are dealing with more than one jurisdiction. Most of the time, such jurisdictional diversification happens by accident. We just go where we go…
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