Latest Blog Posts By Category
- Exemption Planning is Critical for Asset Protection
There are some assets that are exempt under federal law, but most exemptions come from state law. Exemption planning is the process of reorganizing one's wealth so that as much as possible is ... - Don't Rush Into Chapter 11 Bankruptcy
If your company has serious litigation, or lender or creditor problems, refrain from hastily filing Chapter 11 bankruptcy. The reality is that most small companies don't survive Chapter 11. More ... - What are some precautions for debtors planning bankruptcy?
Involve an Asset Protection Attorney in your planning. The interplay between Asset Protection and bankruptcy law can be extremely complex, and the new bankruptcy laws raise many unanswered questions. ...
- Overview of Land Trusts
A Land Trust is a way to hold Real Estate in such a manner where the owners of the Real Estate can remain private to the Public. This is the case because the only individuals listed in the Public ... - Five ways to lower huge legal fees when divorcing
Divorce lawyers can consume one-third or more of a divorcing couple’s assets. In a sense, you may need as much protection against huge legal fees as against spousal claims. Why fight to keep ... - How can a cohabitating couple avoid legal claims and property disputes?
This is a growing legal concern because many more couples now live together without marrying. Some want to test their relationship. Older folks may live together because marriage would disqualify them ...
- Should your Asset Protection Plan have multiple firewalls?
Each Asset Protection Plan is individualized and customized to a client’s specific needs. Your Asset Protection Plan may need only one firewall to well-shield an asset or it may require several. ... - Asset Protection is Not About Hiding
Asset protection is often mistakenly deemed fraudulent; however, Asset Protection is in fact 100% legal, if done properly. In order to ensure that what you are doing is actually worth your money and ... - Domestic vs. International Asset Protection Plans
Determining whether you need Domestic or International Asset Protection, or both, depends entirely on the type of assets you have, the level of protection you are looking for, and the amount of money ...
- The 2020 Gift and Estate Tax Exemption
Each year, towards the end of the year, the Government announces the Estate Tax Exemption for the following year along with the corresponding Gift Tax Exemption. The Estate Tax Exemption is the sum of ... - Florida Homestead Tips and Traps - Part 2
The following are tips and traps related to applying for and maintaining homestead on a Florida primary residence: Review and File for all Qualified Exemptions: The homestead exemption is the most ... - Florida Homestead Tips and Traps - Part 1
Florida has by far the most desirable legal protections and real property tax benefits on its residents’ primary homes, however, remember that despite such protections, each county has strict ...
- S-Corporations vs. Limited Liability Companies
The Limited Liability Companies continues to be the most popular entity today due to its many advantages. The owners of both an LLC and S Corporations have limited liability and both entities can be ... - The 2020 Gift and Estate Tax Exemption
Each year, towards the end of the year, the Government announces the Estate Tax Exemption for the following year along with the corresponding Gift Tax Exemption. The Estate Tax Exemption is the sum of ... - Florida Homestead Tips and Traps - Part 1
Florida has by far the most desirable legal protections and real property tax benefits on its residents’ primary homes, however, remember that despite such protections, each county has strict ...
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