Category Archives: Asset Protection
Limited Liability Estate Planning or Tenants by Entirety – Which is Better?
From time to time, I get asked about protecting assets as they move from generation to generation and how to assure certain assets remain within a family’s blood line. Under normal circumstances when an asset, whether cash or real property, transfers to a child or surviving spouse, it is subject to that individual’s discretion… Read More »
CAN I DEVISE MY PROPERTY TO ANYONE?
I frequently have questions from clients who ask if they can devise their property to anyone? The short answer to that question is generally yes; but, with some thoughts about the consequences of doing so. Many times, this comes down to whether siblings, children or a spouse are still alive at the time of… Read More »
Asset Protection and Your Revocable Trust
Lawyers are frequently asked if a client’s non-exempt assets are protected from creditors when placed into an individual’s revocable trust. Sadly, the answer is no. The only means by which a person could have their non-exempt assets protected from creditors when placed into an individual revocable trust is to have a spendthrift clause coupled… Read More »
