Asset Protection Insights

Check Your Beneficiary Designations-Read This Disaster Story

Check your beneficiary designations now, before disaster strikes.  With the current super-generous federal estate tax exemption of $11.4 million, estate planning may be completely off your radar.  After all, with that huge exemption, you may think there’s no way your estate would owe any federal ... (continued)

7 Misconceptions When Choosing Your Business Entity

There are many issues to consider when choosing the right business entity, its not just researching on the internet for an hour… Here are a few myths that you may consider. 1. An LLC will save me money-WRONG. The Limited Liability Company was designed for ... (continued)

Asset Protection for Your Residence

For most people their home is one of their most valuable assets. It can truly be one’s castle, but is also one of the most vulnerable assets to creditors. The goal is to protect this asset at all costs. However, as I will ... (continued)

Cooke Island Trusts: Prudent Planning Tool

As a Certified Asset Protection Planner, I am aware that the use of a Cooke Island Irrevocable Trust is a powerful and legitimate planning tool for wealthy business owners, real estate developers, and physicians throughout the world. The Cooke Islands is a popular ... (continued)

Business Protection–Initial Considerations

The first consideration is structuring a sound asset protection plan is deciding which form of entity to operate your business. The possible choices include: General & limited Partnerships Sole Proprietorships Limited Liability Companies Corporations Trusts Each has different legal characteristics, tax attributes, an asset protection features. The right combination ... (continued)

Asset Protection for Your Residence

For most of us, our home is one of our most valuable assets, as well as most vulnerable assets to creditors. Here are some proven ways to protect your home: Homestead Exemption–This is a statutory exemption available in most states to protect a certain amount ... (continued)

2011 Tax Law Changes

TAX CHANGES THAT MAY AFFECT YOU IN 2011 There are a host of tax changes that started in 2011 as well as unanticipated extensions of some tax breaks. The first change was a non-change. All of the tax brackets were scheduled to increase. However, ... (continued)