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Blog Posts in December, 2014

How can I use the Tenancy by the Entireties Designation in my Estate Planning?

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 ...
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Can I have an international trust be the limited partner of my limited partnership?

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 ...
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Is it too late to transfer my investments to a limited partnership once I've been sued?

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 ...
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Can the limited partnership also protect against divorce?

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, ...
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How frequently do a limited partner's creditors obtain charging orders?

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 ...
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The Presser Law Firm, P.A. - Asset Protection Attorney
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