Posts Tagged ‘Asset Protection’
LLC – Legal Services
Limited Liability Company (LLC) With rare exceptions, when we form an LLC, we prepare complete documentation as needed for the LLC to operate, function, and carry out its intended purposes. The exact structure of the LLC will be shown on your custom Legal Architectural Diagram. Forming an LLC – Legal Services will generally include the…
Read MoreSpousal Lifetime Access Trust
What is a Spousal Lifetime Access Trust (SLAT)? A Spousal Lifetime Access Trust or “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…
Read MoreAsset 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 asset protection as part of…
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…
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