Under an asset protection trust, the grantor is also beneficiary, but not the trustee. Not all states allow asset protection trusts (APTs). APTs are more costly to set up than a simple living trust and will likely require the services of a lawyer. ...
There are two kinds of irrevocable trusts that work as asset protection vehicles: domestic asset protection trusts and foreign (or offshore) asset protection trusts. Domestic APTs Domestic asset-protection trusts offer the most flexible asset-protection trust laws in the United States. Should you dec...
Before you sign on the dotted line for a joint brokerage account, make sure you understand both the benefits and potential risks.
Coverage flexibility:Policies can be customized with riders like accelerated death benefits, which allow you to access a portion of the death benefit if you’re diagnosed with a terminal illness. Creditor protection:In many states, life insurance policies are protected from creditors, meaning the dea...
With 10-year Treasury notes yielding 4.5%, dividend stock investors must be selective. Jeff ReevesFeb. 25, 2025 7 Best High Dividend ETFs to Buy These seven high-quality ETFs provide current income and offer the opportunity for growth over time. ...
Some states allow you to create an LLC without providing your personal name or by using an alter ego. If you can use an alter ego in your state, then it could be worth doing so, as this could help you establish more separation between your business and personal assets. Just make sure ...
Additionally, many states impose a tax when the vehicles are retitled, and some do not allow vehicle owners to name a beneficiary after death. Other types of trusts As part of your estate plan, there are several common types of trusts you might also consider, though some of these trusts...
Asset protection is essential to the survival of any organization. It exists as an organizational function, role, duty, and job description. This chapter discusses the different aspects of asset protection within an organization, including the delineation of safety and security. Asset protection ...
Only 17 states, including New Hampshire, Tennessee, and Virginia, allow APTs. Many people choose to set them up outside of the U.S. as well. Blind Trust Similarly to an APT, a blind trust cedes complete control, other than the power to terminate the trust, to the trustee. The nature...
Living trusts are a useful estate planning tool – and not just for the wealthy. Learn what a living trust is, its benefits and other important considerations.