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Recent Blog Posts

The Truth About Asset Protection Planning

Some view asset protection planning with a skeptical eye.  They believe there is a moral obligation to pay one’s debts.  They think that asset protection planning is immoral because it prevents a creditor from collecting on a judgment entered by a court. The truth is the U.S. justice system is unpredictable.  Defendants are faced with… Read More »

3 Liability Planning Tips for Doctors That You Can Use Too

The practice of medicine is a profession fraught with liability.  It’s not just medical malpractice claims either – employment related issues (wrongful termination, sexual harassment, and discrimination), careless business partners and employees, and contractual obligations (personal guarantees, leases, business agreements, etc.), coupled with personal liabilities (divorce, vehicular accidents, rental real estate), add to the increased… Read More »

How Clients Can Integrate Asset Protection Trusts into Their Estate Plans

Protecting assets against loss has become a common goal of estate planning.  Asset protection trusts come in many different forms and can be used to protect property for the use and benefit of clients as well as their families and other beneficiaries.  In this issue you will learn how clients can easily integrate asset protection… Read More »

It’s Not Just Death and Taxes: You Need an Incapacity Plan That Works When It’s Needed

Estate planning is not only about having a plan in place to deal with what happens at your death, it is also about having a plan in place to deal with what happens if you become mentally incapacitated.  In this issue you will learn:   What happens without an incapacity plan. The essential documents for managing… Read More »

5 Ways to Modernize Your Estate Planning Using Flexible Trusts

Your estate plan undoubtedly includes trusts that will continue for the benefit of your spouse’s lifetime and then for the benefit of several generations of your family.  Implementing and maintaining trusts that will cover the administration, investment, and distribution of trust property over the span of multiple decades is challenging and generally requires you to… Read More »

How to Avoid a Basis Management Disaster

Many of us in the legal, financial and accounting worlds discover our new clients’ well-intentioned, yet disastrous, plans after the fact.  The widow has already transferred her house into her children’s names or an inherited IRA is drained to pay for a Porsche.  Observing the lost planning opportunity and the financial fallout is universally gut… Read More »

How to Help Clients Avoid a Disastrous Will or Trust Contest

A will or trust contest can derail a client’s final wishes, rapidly deplete their estate, and tear their loved ones apart.  But it doesn’t have to end like this.  In this issue you will learn:  What a will or trust contest is Who can contest a will or trust When a will or trust contest… Read More »

How to Create a Successful, Multigenerational Wealth Transfer Plan

Studies have shown that 70% of family wealth is lost by the end of the second generation and 90% by the end of the third.  Don’t let your loved ones become part of these statistics. You need to understand, and work to overcome, the disconnect that occurs between generations regarding the transfer of wealth.  In… Read More »

Year-End Strategies for Reducing Income You or Your Trustee Can Use Now

With the end of the year approaching fast, now is the time to consider ways to reduce your 2014 income tax bill. In this issue you will learn: How charitable trust-based planning can be used to reduce your taxable income. If you are the Trustee or beneficiary of an irrevocable, non-grantor trust (such as a… Read More »

Parental Warning: If You Own Your Property this Way, You May Accidentally Disinherit Your Own Children

While there are several forms of joint ownership, the one most people use (and the one considered in this discussion) is called “Joint Ownership with Right of Survivorship.” When one owner dies, the jointly owned asset automatically, by operation of law, transfers to the surviving owner.    Joint ownership is a very common way for married… Read More »