Month: June 2019

June 3, 2019

Estate Planning for Rental Property Owners

In all parts of the country, services such as Airbnb have grown in popularity over the past few years. Indeed, these alternatives to hotel stays are popular among homeowners and vacationers alike. If you have a home or other rental property that is generating income, you should understand the following asset protection and estate planning considerations.

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Lifetime QTIP Trusts – The Gift That Keeps Giving
June 6, 2019

Lifetime QTIP Trusts – The Gift That Keeps Giving

Estate planning for married couples can be tricky when one spouse is significantly wealthier than the other, and each spouse wants different beneficiaries to ultimately inherit their estate. One solution to this problem is the Lifetime QTIP Trust.  

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Protect Your Beneficiaries from Bad Decisions
June 10, 2019

Discretionary Trusts – How to Protect Your Beneficiaries from Bad Decisions and Outside Influences

Although leaving your hard-earned assets outright to your children, grandchildren, or other beneficiaries after you die may seem like the easiest and most desired form of distribution, this scheme will make their inheritance easy prey for creditors, predators, and divorcing spouses.  Instead, consider using discretionary trusts for the benefit of each of your beneficiaries.

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Caution: Your Traditional Asset Protection Plan Is Set Up to Fail
June 12, 2019

Caution: Your Traditional Asset Protection Plan Is Set Up to Fail

You may be surprised to learn that not only has asset protection planning been around for a long time, but you likely have already engaged in it at some point during your life. In fact, you probably currently have one or more types of traditional asset protection planning in place. The problem is, in many cases, the type of planning you have right now won’t be enough to protect you and your family. 

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3 Asset Protection Tips You Can Use Now
June 15, 2019

3 Asset Protection Tips You Can Use Now

A common misconception is that only wealthy families and people in high risk professions need to have an asset protection plan. But in reality, anyone can be sued. A car accident, foreclosure, unpaid medical bills, or an injured tenant can result in a monetary judgment that will decimate your finances. 

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