Strategies to Protect Assets from Lawsuits and Creditors
Discover key strategies like trusts, IRAs and homestead exemptions to protect your assets from lawsuits and creditors.
Discover key strategies like trusts, IRAs and homestead exemptions to protect your assets from lawsuits and creditors.
Family wealth discussions are never easy. Nonetheless, it’s necessary to talk about money with loved ones. Use the right approach to stay on the same page and avoid miscommunication.
There is a lot to consider when deciding what will happen to the vacation property in the event of your demise but there is even more to consider in the event that you would require long-term care.
A revocable trust allows assets correctly transferred into the trust during the grantor’s lifetime to bypass probate. This can simplify asset distribution and help preserve privacy.
Phone and computer passwords, crypto wallets, investment portfolios, mobile banking passcodes and even social media credentials also need a place to go when you die.
So the pitch that anyone with a collection needs to hear is this: Your wine needs an estate plan, because it’s not going to drink itself.
As one of the wealthiest individuals on the planet, Warren Buffett’s public disclosure of some of his estate planning earlier this summer no doubt garnered plenty of interest.
Managing your money later in life includes defining a destination point for the next generation of your wealth.
Estate planning can include wills, trusts, powers of attorney, guardianship for your minor children, personal health decisions, avoiding probate and more.
When Michael Jackson died in 2009, he left a complicated legacy. However, one thing remains true: The King of Pop’s music still generates millions of dollars every year.
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