Asset Protection
The Jurisdiction Independent Trust
Where Should You Set Up Your Trust? Where is the best place to set up your trust? Where you live? In a state that has laws that favor your particular goals and concerns? In a state with lower tax rates? How do you know where you want your trust to be domiciled in the future?…
Read MoreTrust 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 ambiguities, and modify terms and…
Read MoreEstate 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 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…
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