by Christine | Jun 4, 2012 | Asset Protection, Entity Structure, Liability |
It is better to never be a general partner if one can avoid it. But if a person is going to be a general partner of a limited partnership that is either conducting any substantial business or taking investors, they had better do their own asset protection first....
by Christine | Jun 1, 2012 | Asset Protection, Insurance |
"The Wealthy" are more likely to be sued, but excess personal liability insurance doesn't have to cost a fortune. It’s safe to say that, if there’s a risk out there, there’s also an insurance underwriter somewhere dying to write a policy for it. However,...
by Christine | May 31, 2012 | Asset Protection, Community Property |
Despite [some] admitted shortcomings of Community Property Divisions, they can be a fantastic asset protection tool for those who currently have no significant debts or creditors, and have a strong and lasting relationship. In any marriage, and in any relationship,...
by Christine | May 30, 2012 | Elder Law, Filial Responsibility, Nursing Homes |
Some 30 states (including California) currently have laws making adult children responsible for their parents if their parents can't afford to take care of themselves. These “filial responsibility” laws have rarely been enforced, but six years ago when federal...
by Christine | May 29, 2012 | C Corporation, Entity Structure, Estate Planning, Inheritance, S Corporation, Small Business |
But if you have a corporation—one you formed or inherited—should it be S or C? What does this alphabet soup even mean? A business is what you make of it, and that’s not just a marketing tactic or a business school platitude. When it comes to structuring your business,...
by Christine | May 29, 2012 | Divorce, Estate Planning, Family Law, Prenuptial Agreement |
More people are getting married later in life, or for a second or third time. As a result, they have more income, assets, and obligations when they arrive at the altar. So it is no surprise that prenuptial or premarital agreements are becoming a more frequent topic of...
by Christine | May 25, 2012 | Charitable Giving, Easement, Estate Planning, Real Estate |
If you have property that you would like preserve in its present form, there is nothing so close to a free lunch as the donation of an easement. Out in the country, you will call it a conservation easement. In the big city it is a facade easement. In either case, the...
by Christine | May 24, 2012 | Charitable Giving, Charitable Organization |
These times are not only good for starting “for-profit” enterprises, but they’re also good for starting non-profits. Here are some easy steps to start a charity. Giving to charity can be a particularly taxing activity even when you’re doing it for all the right...
by Christine | May 24, 2012 | Death Put, Estate Planning, Inheritors |
A little-known strategy called a 'death put' can help you lock in higher returns — without stiffing your heirs. Are you concerned about the return on your investments or the return of those investments en route to your heirs? If yes, then you might...
by Christine | May 22, 2012 | Estate Planning, Inheritance |
Younger members of ultra-wealthy households are grappling with their forebears for a say in wealth planning, and women are concerned about how money affects their relationships, the study found, after surveying 53 families with a net worth of $100 million or more...
