Posts Tagged ‘creditors’

Asset and Tax Strategies to Protect Your Success

Protect Your Loved Ones with Effective Asset & Tax Strategies

If you are a successful entrepreneur with a business and investment portfolio worth $5M to $100M, the phrase “asset protection” usually revolves around one of a few questions, such as: ? “How do I stop paying so much in taxes?” ? “How do I protect my assets from creditors?” ? “How do I ensure my…

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Asset and Tax Strategies to Protect Your Success

Protect Your Loved Ones with Effective Asset & Tax Strategies

If you are a successful entrepreneur with a business and investment portfolio worth $5M to $100M, the phrase “asset protection” usually revolves around one of a few questions, such as: ? “How do I stop paying so much in taxes?” ? “How do I protect my assets from creditors?” ? “How do I ensure my…

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Will vs. Trust – A Comparison

When you begin to plan for the future disposition of your estate and assets, the first thing to decide is if you want to set up a will or a trust to guide that process. Compare Benefits of Will-Based vs. Trust-Based Plans There are benefits to both a will-based estate plan and a trust-based plan:…

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Offshore Trust Explained

Offshore Trust Explained

An "offshore" trust is a trust that is set up under the trust rules or is governed by the rules in an offshore jurisdiction, which does not actually need to be overseas or in another country – though it can be. The assets of the offshore trust could be invested in the NY Stock Exchange…

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What Is A Family Trust?

Illustration by Mathieu CHAINE courtesy of Wikipedia under the Creative Commons Attribution-Share Alike 3.0 Unported license.

A family trust is usually intended to either honor and/or provide for family. Nearly every kind of trust that does not have a charity and non-family members as beneficiaries is considered a "family trust" of some kind. A family trust anticipates a connection with others that is usually blood-based. But when one drills down more…

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