Blog Posts in December, 2014
Posted on Dec 29, 2014 By The Presser Law Firm, P.A.
Tenancy by the Entirety "TBE" only applies to married couples and is only available in a portion of the states (by statute). States that don't accept the TBE designation will either see ...
Continue reading "How can I use the Tenancy by the Entireties Designation in my Estate Planning?" »
Posted on Dec 22, 2014 By The Presser Law Firm, P.A.
In many cases we do. For maximum protection, it's best to have your limited partnership interest owned by an international asset protection trust. Under this arrangement, family members can be the ...
Continue reading "Can I have an international trust be the limited partner of my limited partnership?" »
Posted on Dec 15, 2014 By The Presser Law Firm, P.A.
No, but the limited partnership may then not adequately protect you. The reason is that your creditor might ignore the charging order remedy and instead attempt to set aside the transfer of your ...
Continue reading "Is it too late to transfer my investments to a limited partnership once I've been sued?" »
Posted on Dec 8, 2014 By The Presser Law Firm, P.A.
Yes. A correctly structured LP can provide some protection against divorce. For instance, the LP agreement may provide that if divorce forces an involuntary transfer of an LP interest to the spouse, ...
Continue reading "Can the limited partnership also protect against divorce?" »
Posted on Dec 1, 2014 By The Presser Law Firm, P.A.
That's the bottom line question. Surprisingly few creditors apply for charging orders – and for one good reason: The charging order creditor can become liable for federal taxes due on the ...
Continue reading "How frequently do a limited partner's creditors obtain charging orders?" »