Currently viewing the tag: "creditors"

In Trusts We Trust: Day 51

January 30, 2012 by admin

Spendthrift Trust Spendthrift trusts are trust accounts that have an appointed trustee over them to oversee the distribution of the assets that are left after you have passed away.  The beneficiary of a spendthrift trust can’t spend the money in the trust until it has actually been distributed to them.   Assets that are held in […]

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In Trusts We Trust: Day 48

January 25, 2012 by admin

Simple Trust A simple trust is a trust where the trustee’s only duty is to distribute the assets to the beneficiaries according to the terms of the trust.  Simple trusts are aptly named, because they are in fact simple trusts to deal with.  They do not include charitable gifts and they do not include assets […]

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In Trusts We Trust: Day 39

January 13, 2012 by admin

Offshore Trust Offshore Trusts are also known as Asset Protection Trusts. These trusts are quite popular among the rich because they shield assets from creditors, from litigation, from bankruptcy and from divorce.  Many have been known to use them for tax evasion as well. When a person is really committed to personal privacy and asset […]

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In Trusts We Trust: Day 29

December 28, 2011 by admin

Heritage Trusts “How do I ensure my assets stay in my family?” is one of the estate-planning questions I’m most frequently asked.  I want to answer this question publicly, precisely because it is so common.  The irony is, however, that many clients ask to speak with me about the subject, believing that it is a […]

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In Trusts We Trust: Day 21

December 13, 2011 by admin

Dynasty Trusts, Day Five For the past several days I’ve been covering Generation-Skipping Transfer Trusts, which are also known by the name ‘Dynasty Trusts.’  Today’s posting will address how you may take advantage of this technique in your financial planning. When clients or potential clients first meet with us one of the things they most […]

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In Trusts We Trust: Day 18

December 8, 2011 by admin

Dynasty Trusts, Day Two Yesterday we started a series of posts about Generation-Skipping Transfer Trusts, which are also known by the name ‘Dynasty Trusts.’  So where to begin today as we explore what these trusts are and what they might provide for you?  I’ll begin where many of my clients and potential clients begin when […]

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In Trusts We Trust: Day 4

November 17, 2011 by admin

Asset Protection Trusts, Part Two Yesterday I began covering Asset Protection Trusts, which are very popular with wealthy people because they provide both personal privacy and asset protection.  If you’ve got a lot of money and you’d like to shield assets from creditors, from litigation, from bankruptcy and from divorce, you may feel that an […]

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In Trusts We Trust: Day 3

November 17, 2011 by admin

Asset Protection Trusts, Part One These trusts are quite popular among the rich because they shield assets from creditors, from litigation, from bankruptcy and from divorce.  Many have been known to use them for tax evasion as well.  There are Foreign Asset Protection Trusts—think Switzerland, The Cook Islands, and Belize—and there are Domestic Asset Protection […]

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