Asset Protection
Tax Requirements for North Carolina Trusts
In many states, an important factor in determining whether the trust is taxable is where the beneficiaries, settlor, and trustees are domiciled….
Timing Prenuptial Agreements
Marriage offers the union of love, and it also involves the merging of assets, new tax requirements, and legal entitlements. As prospective…
Protect Assets: Liability or Malpractice Insurance May Not Be Enough
Liability Insurance May Not be Enough to Protect Assets Having liability or malpractice insurance may be a requirement in some professions, and…
Named in a Power of Attorney for a Foreign Account? FBAR Rules Required
Individuals may or may not know if they are listed as an agent of a power of attorney, but they are still…
Tennessee is #3 for Domestic Asset Protection Trusts in 2014
A year ago Tennessee tied for the fourth spot in Steve Oshins’ Annual Domestic Asset Protection Trust State Rankings. Last summer Oshins updated the…
New NC Court Ruling Affects LLCs
North Carolina Limited Liability Company (LLC) owners may be interested in a new court ruling that illustrates the protection these asset preservation…
Non-Tax Benefits of Family Limited Liability Companies
Family Limited Liability Companies (FLLC) are one of several asset protection tools used to preserve assets of family businesses. These assets may…
Planning a Prenuptial Agreement in North Carolina
Prenuptial agreements are designed to protect the property of one or both spouses in the event of a divorce or death. With recent…
Protect Assets for the Elderly
In approximately forty years, 1 in 10 Americans will be 65 or older. Financial elder abuse rates are increasing proportionately with the…
Step-Parents and Step-Children in Estate Planning
Estate planning for blended families is critical to ensure that assets are distributed as intended. A spouse’s family members are not included…
