There’s nothing at all like the death of a celebrity to bring home the reality that there is an end to life for us all. This is especially so when the death is abrupt and completely unexpected. It could be a favorite actor, an athlete, or even a much adored singer such as Prince. When [..]
Category: Asset Protection
As the recent recession ended and a new real estate growth period started, many real estate purchases in recent years were investor or second-home buyer purchases — an indicator of the growing popularity of real estate investing as a wealth-building strategy. Understanding the basic principles of asset protection — tools and techniques used to legally [..]
Washington State offers different types of structures to consider when starting a business. The risk of not having a business structure in place can be devastating causing unnecessary hardship if the business takes a while to get on its feet. An LLC, or Limited Liability Corporation, is the best choice for some small businesses. This [..]
Have you gone into business for yourself only to find that some of the rules and regulations are less than straightforward? Here’s a list of seven common mistakes that we see business owners, new and seasoned, make on a regular basis… FAILING TO DO BUSINESS WITH A PROPERLY STRUCTURED LEGAL ENTITY. A sole proprietorship is [..]
Medicaid planning draws many attorneys, financial advisors, and others who market strategies and documents which purport to protect your wealth from the government should you ever need government assistance to provide nursing home or long term care for you (and your spouse if you are married).
This trust is the ultimate in asset protection. It is drafted in accordance with the laws of a foreign country in order to keep the assets safe from creditors. The Settlor of the trust, also known as the creator, gets to choose which country’s laws to abide by, and selects the provisions and the trustee [..]
What would happen if you were sued? What would life be like if you lost it all? You don’t need to be a millionaire to be the target of a lawsuit. With more than 70,000 lawsuits being filed every day in this country, would you believe that the majority of the named defendants are actually [..]