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Blog Posts in November, 2014

Can you tell me how Payable on Death Accounts work?

Payable on Death Accounts "POD" are bank accounts that are created for the benefit of another. Some jurisdictions call these accounts Totten Trusts, informal trusts, revocable bank account ...
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If I own a limited partnership interest in a limited partnership but do not control the profit distributions, couldn't I then lose those profit distributions?

It's true that you can't as easily frustrate a creditor when you own a minority interest in a limited partnership that has outside investors and an unaffiliated general partner whose interests ...
Continue reading "If I own a limited partnership interest in a limited partnership but do not control the profit distributions, couldn't I then lose those profit distributions?" »

How does a limited partnership protect investments?

It works in much the same way that an LLC protects assets. A limited partnership is a COPE or charging order protected entity. A limited or general partner's creditor cannot seize the debtor's ...
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How can we most defensively structure our limited partnership?

There are a number of interesting possibilities. For example, the limited partners can allocate their ownership interests or profit distributions as they elect. This is important for protection. For ...
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The Presser Law Firm, P.A. - Asset Protection Attorney
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