Asset Protection Resources

What really matters in an attorney?  Stated simply  - "The capacity to Relate to you as a client." Legal problems are like all problems, they are there to teach us something.  The bigger the problem, the bigger the lesson!  And when it comes to legal and financial stress, I have…

Recently we've encountered several situations where clients own corporate shares that have made a subchapter S election. Electing to have your corporation treated as an S-corporation has some pros and cons. First, the pros. From the standpoint of taxation, the S-election essentially makes your corporation "pass through" for purposes of…

I am going to let you know up front that this is a slight rant on what I am seeing in the Asset Protection arena. Particularly with respect to planning for people who are facing a mortgage default situation. For most people this is a very scary situation and puts…

A very rare window of opportunity is closing, and it's closing very quickly. Currently, the federal gift tax exemption allows you to gift up to $5 million ($10 million for married couples) without incurring a gift tax. This applies if you actually gift your assets now, and it applies equally…

Life insurance trusts are typically irrevocable, non-amendable trusts that own one or more life insurance policies in order to keep death benefit proceeds outside one's estate and, therefore, avoid estate taxes. Avoiding estate taxes hasn't been an overriding concern for the last couple years, since the exemption has been $10…