Posts Tagged ‘Family Bank’
Lottery Winner Now What
I Won The Lottery, Now What? We have represented many lottery winners over the years. If you are a lottery winner, “Now what?” is the question on your mind. We approach this question with our clients not just from a legal or financial perspective, but from from the view of its wholistic impact on both…
Read MoreLooking Through the Corporate Veil
Looking Through the Corporate Veil Many of our clients have been complaining in recent years that banking has become more difficult. Opening a business bank account used to be a simple process. Now it is extremely difficult, and sometimes impossible. The politicians have enhanced the LLC and Corporation Disclosure Requirements. It is now necessary for…
Read MoreThe Family Bank
The Family Bank What is a Family Bank? Well, to start, it’s important to understand why a Family Bank may be useful. Why a Family Bank? Most families who have worked hard to accumulate wealth share a concern for the long-term welfare of their offspring. They want them to have security and at the same…
Read MoreBusiness Limited Partnership
Business Limited Partnership vs. Family Limited Partnership For many years the “Family Limited Partnership” has been used an both an estate planning and asset protection tool. There have been a number of catastrophic failures of such entities. Most often, the reason for the failure is the absence of a business purpose or a failure to…
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