Asset Protection Planning

Archive | Asset Protection Planning

Family Emergency Planning

November 02, 2015  |   Posted by :   |   Asset Protection Planning, Trust Design   |   0 Comments

I’ve met a lot of people who avoid estate planning because they don’t want to think about death. To them, estate planning becomes an end-of-life “reckoning” where they feel the need to grapple with what they did and didn’t accomplish or accumulate during their life. Other people are pained even by the thought of preparing […]

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Why Get a Prenuptial Agreement

July 17, 2015  |   Posted by :   |   Asset Protection Planning, Trust Design   |   0 Comments

There are many benefits to signing a prenuptial agreement with your significant other before marrying. In certain situations, getting a prenuptial agreement prior to marriage would be considered best practice. If you are entering your second marriage, for instance, it is highly recommended that you and your partner sign a prenuptial agreement. Additionally, if you and […]

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Prenuptial Agreements Basics

July 17, 2015  |   Posted by :   |   Asset Protection Planning, Trust Design   |   0 Comments

A prenuptial agreement, commonly referred to as a “prenup,” is an agreement made between prospective spouses before marriage. This agreement allows a couple to agree to a variety of terms that are intended to alleviate disputes that may arise in divorce or in other circumstances like death or separation. The agreement becomes effective upon marriage. […]

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Personal Guarantees in Business

July 15, 2015  |   Posted by :   |   Asset Protection Planning   |   0 Comments

In business, a personal guarantee is when a business owner puts his own personal finances on the line to guarantee payment of a loan taken out on behalf of his company. So if the business cannot make payments on the loan, then the business owner himself will be responsible for paying off the remainder of […]

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A Grantor Retained Annuity Trust (GRAT)

March 14, 2013  |   Posted by :   |   Asset Protection Planning, Trust Design   |   0 Comments

With the seemingly infinite amount of different types of irrevocable trusts, it can be quite confusing to wrap your mind around what they are and what they are used for. Irrevocable trusts are best understood and defined by what goals they can accomplish for your estate planning needs and what risks are involved in the […]

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Fort Knox Security for Your Assets

February 23, 2013  |   Posted by :   |   Asset Protection Planning, Trust Design   |   0 Comments

One of the most secure facilities in the world is the United States Bullion Depository.  This facility is part of a larger Fort Knox, Kentucky military installation.  This gigantic fortified vault has become known simply as “Fort Knox.”  Because of its perceived impenetrability, it has become a pop culture icon.  People constantly compare something’s level […]

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Irrevocable Life Insurance Trusts

January 30, 2013  |   Posted by :   |   Asset Protection Planning, Trust Design   |   0 Comments

Utilization of a life insurance policy can be a very effective estate planning strategy.  Life insurance proceeds can help to financially take care of your loved ones and can bring liquidity to an otherwise illiquid estate.  For example, if your estate is large enough to be subject to the estate tax, but is comprised of […]

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QDOT Trusts

December 28, 2012  |   Posted by :   |   Asset Protection Planning, Trust Design   |   0 Comments

In general, if the surviving spouse is not a U.S. citizen, assets passing from the deceased spouse to the surviving spouse do not qualify for the unlimited marital deduction for estate tax purposes.  The logic behind this rule is based on the notion that the IRS only allows the marital deduction if it is reasonably […]

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QTIP Trusts (Marital Trusts)

December 12, 2012  |   Posted by :   |   Asset Protection Planning, Trust Design   |   0 Comments

One of the fundamental goals of an effective estate plan is to reduce the amount of estate taxes paid.  One way to reduce estate taxes is to take advantage of the marital deduction.  The marital deduction allows you to leave an unlimited amount of assets to a surviving spouse without having to pay estate taxes.  […]

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The Always Dependable “Death Tax”

September 29, 2012  |   Posted by :   |   Asset Protection Planning, Tax Planning, Trust Design   |   0 Comments

The one constant in life is taxes. We are taxed on nearly every good and service we purchase. We drive down a freeway, come upon a toll, and we are taxed. In fact, on average, you pay nearly $250 in gas taxes every year. We are taxed on property we own. We are taxed on […]

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