Asset Protection
Planning with the Wyoming Close LLC
What is an LLC? In 1977 Wyoming was the first state to enact laws permitting the creation of a Limited Liability Company….
Inherited IRAs are Not Creditor Protected – #2
I previously blogged about a Bankruptcy Court in Texas holding that an inherited IRA was not exempt from claims of the new…
The Time for Asset Protection Planning is Now
Many people come to see me for asset protection advice only after some type of actual or probable liability has arisen. At…
Your IRA may be at Risk
In North Carolina standard IRAs are exempt from creditors’ claims, under state law and federal bankruptcy law. Also, qualified retirement plans, such…
A Short Story on Asset Protection
I had a new client come in yesterday, and we were discussing including asset protection in his estate plan. He mentioned he…
Offshore Trust Cases – Trading Jail for Protection?
Offshore trusts continue to be an effective asset protection tool, including in bankruptcy, tax litigation, and divorce situations, even when the facts…
Beyond the Basics – a Trio of Considerations for Succession Planning
When doing estate planning, one needs to consider to whom to leave one’s property, which is usually not much of a problem….
Good News for Family LLCs
As a proponent of Family Limited Liability Companies (LLCs) for asset management, creditor protection, and ease of gifting, I was pleased to…
Inherited IRA Not Creditor Protected
The IRA you inherited from your parents, or that your kids might inherit from you, may not be safe from lawsuits. Jim…
