Asset protection planning is the mechanism whereby an individual attempts to safeguard property from potential creditors. However, in the context of a divorce, it refers to one spouse’s ability or attempt to protect his or her assets from the other spouse. Some...
Many people dream of moving to another state where the weather is better, the cost of living and taxes are lower, or the lifestyle just seems preferable to where they are now. However, making a move is a big decision and some of the information online about relocating...
If you have just completed your estate planning documents, you may feel like breathing a sigh of relief that everything is finished. Well, not so fast! Without updating your beneficiary designations to coincide with your estate planning documents, your estate plan may...
Asset protection trust and estate administration are typically used to protect assets from creditors or reduce income or estate taxes. As discussed in our post What Is an Asset Protection Trust?, such trusts are not right for every situation. Further, there are...
An asset protection trust is a vehicle for protecting your assets during your lifetime. While it can offer numerous benefits, asset protection trusts are typically only used in limited situations because the person creating the trust (the grantor) loses control over...
