When we plan for the stability of ourselves and our family, we may consider writing an estate plan so that our wishes are laid out and will be abided by in the future. Estate plans can be hugely influential in ensuring that what you have built over a lifetime gets passed down to future generations […]
Your attorney might suggest appointing a Trust Protector to your estate plan for added benefits. Discover the dynamic role and responsibilities of a Trust Protector, which extends beyond that of the Grantor, Trustee, or Beneficiary. A Trust Protector, typically an impartial third party, assumes one or both of the following functions: When should you consider […]
Asset protection trusts are a legal method for a grantor of a trust to put valuable property into trust under the care of an independent trustee while giving the grantor access to the property as a beneficiary. An asset protection trust is a crucial estate planning tool for any person or married couple who owns […]
Proper Estate Planning should also consider Asset protection strategies because of the litigious society that we live in. At any age, health, or wealth situation, you can lose any asset that is not protected to liability judgements, creditors, and divorce. However, once in place, asset protection strategies will help you, your heirs, and your beneficiaries […]