Blog Posts in November, 2014
Posted on Nov 24, 2014 By The Presser Law Firm, P.A.
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 ...
Continue reading "Can you tell me how Payable on Death Accounts work?" »
Posted on Nov 17, 2014 By The Presser Law Firm, P.A.
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?" »
Posted on Nov 10, 2014 By The Presser Law Firm, P.A.
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 ...
Continue reading "How does a limited partnership protect investments?" »
Posted on Nov 3, 2014 By The Presser Law Firm, P.A.
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 ...
Continue reading "How can we most defensively structure our limited partnership?" »