by Christine | Jun 19, 2014 | Asset Protection, Estate Planning, Trusts |
A domestic asset protection trust (often called DAPTs, or just APTs) allows the settlor (the trust creator or grantor) to be a discretionary beneficiary of the trust, while at the same time assuring protection of trust assets from claims of the creditors....
by Christine | Jun 6, 2014 | Asset Protection, Marriage |
So how do DAPTs work in a marriage to protect assets? Do they need to be set up before the marriage? Can they be set up during the marriage? Marriage might be that last step in bringing two people and two lives together. Nevertheless, that moment often causes one to...
by Christine | May 8, 2014 | Asset Protection, Estate Law, Inheritance, Real Estate |
What follows are issues to consider, and, in those rare cases where a transfer can make sense, how to do it the right way. Are you thinking about handing over the family home to your loved ones early? Proceed with caution. Although the hand-off can be a blessing to...
by Christine | Apr 15, 2014 | Asset Protection, Elder Law, Estate Planning, Probate, Reverse Mortgage Loan |
Death of the borrower triggers the loan payoff, but the estate and heirs will never owe more than what the home is worth. Family homes are unique assets. And like many assets, family homes can be as complicated as they are meaningful. Even when heirs inherit a home...
by Christine | Apr 11, 2014 | Asset Protection, Small Business |
Asset protection is the process of employing risk management products and legally acceptable solutions to ensure a person’s wealth is not unjustly taken. Ever heard of the rule of entropy? Roughly, it says that things tend toward chaos. So it is with business and the...
by Christine | Feb 19, 2014 | Asset Protection, Elder Law, Estate Planning |
Could you be legally liable for paying for your parents’ care? Filial support laws exist in 29 states (California is ONE of those 29 states) as well as Puerto Rico, and have quietly existed on the books for a long time. Now, however, these laws are a very real and...
