Tag: Asset Protection
Of course, there’s no shortage of ways in which people can stumble when it comes to making their after-death arrangements. That’s why we rounded up some classic estate planning mistakes that people tend to make, so you’ll know what not to do when it comes to prepping your own estate plan. Probate attorneys continue to see the […]
Bacall’s loss of her husband when her children were young does point to some of the issues surviving spouses face when there is a difference of age of 20 years or more. Of course, May-December marriages don’t only happen in Hollywood, and the resources and circumstances can be very different. In recent article titled “Bogie […]
It’s not every day that financial advisers and accountants are called in to referee billion-dollar disputes over the ownership of a basketball team, but nevertheless there are plenty of valuable takeaways from the Sterlings’ duel in probate court. When Shelly Sterling removed her husband, Donald Sterling, as co-trustee of the family trust that owns the […]
Asset protection does involve an estate planning process that uses a variety of different types of vehicles to accomplish protection. Estate planning involves far more than just asset protection, yet often estate planning strategies can accomplish both estate and asset protection goals at the same time. Estate planning should entail asset protection, as well as […]
In some cases, outdated or inadequate estate plans have led to highly-publicized disputes between heirs that have squandered fortunes and diminished legacies. These situations are more tragic because they are usually entirely avoidable, especially when advisors are willing to facilitate difficult conversations. An estate plan is no “one and done” project. In fact, it’s very […]
This valuable estate-planning tool can help your beneficiaries make the most out of their inheritance but many investors do not know about these stretch provisions. This leaves retirees with the important question: Should they force their beneficiaries to stretch the inherited IRA? What is a “stretch IRA” strategy? A recent Forbes article titled “Should I […]
Bill and Hillary Clinton are making headlines for their use of the qualified personal residence trust or QPRT — lovingly pronounced “kew-pert” by tax geeks — to save on estate and gift taxes. According to Bloomberg News, the Clintons drafted two (Qualified Personal Residence Trusts) QPRTs in 2010, divided the ownership of their Chappaqua, N.Y. home into […]
All sorts of things can change over the course of our lives—and some of those changes may affect existing estate plans. Experts recommend that you review your estate plan every few years to confirm whether it needs updating. Things change over time. New tax laws, more grandchildren, an aging estate executor … the list goes […]
Passing down your home is so much more than just a transaction. It’s a delicate process that affects your entire family—and with good reason. The timing of creating an estate plan doesn’t necessarily coincide with a certain age. As pointed out in a recent Forbes article, titled “Passing Down Your Home? 3 Steps To Creating A […]
“It takes money to make money.” What drives long-term investments to succeed? We all know the saying “It takes money to make money,” but how exactly does it work? Here are three ways your investments can grow. Dividends. According to a recent Forbes article, titled “Essentials of Powerful Long-Term Investing“, owning stock can often mean […]
