by Christine | Dec 24, 2012 | Asset Protection, Assets, Estate Plan, Estate Planning |
If you are like many other American families, the current upheaval in Washington regarding the fiscal cliff (and the estate and gift taxes) doesn’t particularly interest you. However, while the discussions in Washington generally only affect the extremely wealthy,...
by Christine | Nov 23, 2012 | Asset Protection, Estate Planning, Trusts |
“There is no such thing as asset protection,” said Jason Cain, head of the family wealth planning group in the central region for Credit Suisse Private Banking USA. “What there is is good business and estate planning that as a byproduct insulates your assets from...
by Christine | Nov 16, 2012 | Asset Protection, Partnership, Small Business |
If you have an arrangement that might be viewed as a partnership, the safer course is probably to get a partnership agreement drafted or more likely form an LLC and have an operating agreement drafted. There are quite a few ways of structuring a business entity. But...
by Christine | Oct 17, 2012 | Asset Protection, Trusts |
Sometimes you may hear “revocable trusts provide no asset protection” — however, this is only half-true. Trusts are powerful devices. In fact, even “revocable” trusts can afford valuable protection. Consider the case of Frank and Geryl Pearl, as reported in a...
by Christine | Oct 12, 2012 | Asset Protection, Corporate Formation, Small Business |
How you go about handling the situation [of a business partnership split-up] can mean the difference between an amicable split, where you run the business as you see fit, and a messy divorce, in which you wind up losing money, clients, resources or other critical...
by Christine | Aug 2, 2012 | Asset Protection |
The exception oftentimes proves the rule. This can be especially true in a court of law or to any prudent planner protecting their assets. Certainly, this is the lesson to learn from the recent bankruptcy case of In re Thomas, 2012 WL 2792348 (Bkrtcy.D.Idaho, Slip...
