Estate Planning & Asset Protection
Estate Planning and Asset Protection. Often, when we plan our estate, we also protect our assets. On one level, estate planning embodies asset protection. We plan an estate to protect it from excess taxes, probate, litigation, and administrative difficulties. We want it to pass to the intended parties with a minimum of expense and aggravation.…
Read MoreDo It Yourself Estate Planning
Do It Yourself Estate Planning. There is a time and place for do it yourself estate planning. DIY documents are particularly well suited for the young, those just starting out, those with little to lose, and those that are going to stay that way. For example, a DIY business entity is far better than no…
Read MorePreventing Litigation
Preventing Litigation Protecting assets requires us to assess what we are trying to protect the assets from. Some risks are greater than others, both in their likelihood and in their capacity for damage. In my experience, the single most destructive risk any family faces in protecting their assets is inter-family litigation. Litigation is the nuclear…
Read MoreAvoiding Short Term Capital Gains
Is Avoiding Short Term Capital Gains Possible? When it comes to tax planning, I often get calls asking for a brilliant way to not pay short term capital gains after a taxable event has already occurred. Sadly, there are not a lot of good options. People get told what they cannot do by their other advisers,…
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