Category Archives: Asset Protection
The SLAT – Avoid Estate Taxes Without Giving Away Your Money
In the realm of estate planning, the use of various irrevocable trusts has become a staple strategy for individuals seeking to preserve and distribute their wealth efficiently. One such trust that has gained popularity, especially in light of the historically high estate tax exemption, is the Spousal Lifetime Access Trust (SLAT). This article will… Read More »
Choosing Wisely: Naming Your Trust as Beneficiary of Your Life Insurance
Introduction Most people buy life insurance to provide assets to their loved ones upon their death. This becomes especially important when you have young children. Most people, wealthy or not, don’t have sufficient liquidity to maintain the current lifestyle for their children if they were to pass away. The simple solution in most cases… Read More »
Estate Planning for Expatriates: Securing Your Legacy Across Borders
Introduction – Living as an expatriate can be an exciting and fulfilling experience, as it provides the opportunity to explore new cultures, expand one’s horizons, and build a global network. However, amidst the thrill of living abroad, it’s crucial not to overlook the importance of estate planning. Estate planning is a crucial step for every… Read More »
Wyoming LLCs for California Residents
California residents who are looking for the best asset protection strategy often look to the state of Wyoming. Wyoming has made a significant effort to become the go-to state for asset protection. The state of Wyoming is particularly appealing for its Wyoming LLCs. But why would a California resident set up an LLC in… Read More »
Why You Need a Dynasty Trust . . . Even If You’re Not Ultra-Wealthy
Dynasty Trust Planning . . . It’s Not Just for the Rich When you hear the term “Dynasty Trust” you may naturally think of ultra-wealthy families, such as the Carringtons from the 1980’s prime time soap opera Dynasty. And yes, they do benefit families like the Carringtons. But Dynasty Trusts provide several benefits for… Read More »
Estate Planning for Physicians
Estate Planning for Doctors Estate planning for everyone is important. However, for physicians, estate planning becomes even more important for three reasons: 1) Asset Protection or Liability Protection; 2) Proper Structuring of Your Professional Practice; and 3) Tax Planning for High Wage Earners and Larger Estates. Estate Planning Basics As stated above, estate planning for… Read More »
Keeping Your Home Address Private Through a Confidential House Trust
Keeping Your Home Address Private As a part of their estate planning, many of our celebrity clients want to keep their home address private for obvious reasons. We are able to do this through a confidential house trust. Many of our clients who are not in the public eye also want anonymity. Why do… Read More »
Adding Your Child to Title on Your House to Avoid Probate – Good Idea?
Should You Add Your Child to Title or House Deed to Avoid Probate? The simple answer is no. First, let’s discuss why many of you are considering adding your child to title. Someone, perhaps an estate planning attorney, has told you that when you die, your assets go through probate. There are certain assets… Read More »
