Asset Protection

2307, 2019

How to Plan Your Funeral

Thinking about your funeral may not be fun, but planning ahead can be exceedingly helpful for your family. It both lets them know your wishes and assists them during a stressful time. The following are steps [...]

1511, 2018

Estate Planning in the Digital Age

What happens to my Facebook photos after I die? Can I pass on my iTunes music library to my children? Can my sister access my personal email account? At one point or another, questions like [...]

1405, 2018

Digital Estate Planning for the 21st Century

The need for digital estate planning is fairly new, but it’s a significant and growing issue. From ownership of digital assets to control of email and social media accounts, the modern estate administrator has a [...]

501, 2018

Asset Protection for Beneficiaries and Heirs

Often, people think about asset protection simply as a way to minimize risk during their lifetimes, separating risk management from estate planning. However, asset protection for beneficiaries can play a significant role in estate planning—especially [...]

2012, 2017

What is Asset Protection?

For many people, the term “asset protection” brings to mind safes and alarm systems. Though physically protecting your valuables is important, true asset protection is much more sophisticated. What is Asset Protection for New Jersey [...]

609, 2017

HUD Makes Reverse Mortgages a Little Less Attractive

The Department of Housing and Urban Development (HUD) has announced changes to the federal reverse mortgage program. Citing the need to put the program on better financial footing, HUD will raise reverse mortgage fees for [...]

3008, 2017

Good Planning Protects Your Family’s Future

Fully protecting your spouse and children requires protecting yourself in ways that many young adults don’t consider, and preparing for eventualities most will never have to face. These tips on legal and financial planning for [...]

1612, 2016

How to Pass Your Home to Your Children Tax-Free

Giving your house to your children can have tax consequences, but there are ways to accomplish it tax-free. The best method to use will depend on your individual circumstances and needs.  Leave the house in [...]

2910, 2016

An Overview of the IRC Section 2704 Proposal

Section 2704 of the Internal Revenue Code (IRC) pertains to family-controlled corporations and partnerships, specifically dealing with gratuitous transfers between family members in connection with the family owned business. According to IRC, the IRS can [...]

2910, 2016

Understanding the Irrevocable Life Insurance Trust

Life insurance can give great peace of mind to the insured by providing for their loved ones after their death. Life insurance benefits can help pay for your children’s college education or provide for your [...]

2910, 2016

Does My Trust Need a Separate Tax ID Number?

The type of trust that you utilize in your estate planning will affect how the trust’s income will be taxed. This is an important consideration when creating a trust as it will determine who will [...]

3009, 2016

Paying for Long-Term Care

As individuals age, they often begin to think about where they would like to live out their days. Most would like to stay in their homes for as long as possible. However, this often requires [...]

509, 2016

Estate Planning for Cross-Border Families

Estate planning is always a highly involved process but for cross-border families, estate planning can be rife with difficulties. Those who own assets in foreign countries or are married to a non-citizen spouse have additional [...]

2208, 2016

Transferring a Mortgaged Property into a Living Trust

Estimates from online real estate search firm Zillow indicate that nearly one-third of homeowners own their home free and clear. For the unlucky two-thirds who have either one or multiple mortgages on their home and [...]

1908, 2016

Stepped-Up Basis in Inherited Assets

When considering leaving property to beneficiaries, tax considerations factor heavily in estate planning. Since one is hard pressed to find any aspect of our life (and death) that is not subject to some form of [...]

1908, 2016

Why Most Estate Plans Do Not Work

Estate planning can be a tedious and complicated process, which if not conducted properly can result in assets being wasted due to being placed in expensive probate proceedings or unduly subjected to creditor claims and [...]

1908, 2016

Medicaid Crisis vs. Medicaid Planning

A health condition that requires a family member to receive permanent, long-term care often does not occur with a great deal of advanced notice, particularly if the health event occurs suddenly such as in the [...]

1108, 2016

Important Facts About Medicaid Planning

When it comes to dealing with the excruciating cost of long-term care services, there is no room for error and knowledge is power. For that reason, we summarized for our readers the answers dealing with [...]

1108, 2016

Who Needs Estate Planning?

Estate planning isn’t about how much money you have, it's about protecting what you have for you, during your lifetime and for those you love after you’re gone. It ensures what you have gets to [...]

2907, 2016

Your Cyber Legacy: 3 Tips for Your Digital Assets

There’s an entire category of commonly-overlooked legacy to consider – digital assets. Don’t worry if you didn’t consider these assets when made your will or trust – it’s surprisingly common and, luckily, easy to correct. [...]

2607, 2016

IRAs and Estate Planning

In 2014, the U.S. Supreme Court’s decision in Clark v. Rameker altered the landscape of estate planning strategies concerning protecting inherited IRAs from creditor claims. In Clark, the court considered whether a person who had [...]

1607, 2016

Keeping Control of Your Trust

Every different form of trust contains its unique benefits and drawbacks that depend on an individual’s estate planning needs. One particular example involves the choice between irrevocable and revocable trusts. As the name implies, an [...]

106, 2015

The Shocking Truth About Asset Protection Planning

Some view asset protection planning with a skeptical eye. They believe there is a moral obligation to pay one’s debts. They think that asset protection planning is immoral because it prevents a creditor from collecting [...]

104, 2015

Three Liability Planning Tips for Physicians Anyone Can Use

Whether you are a physician or not, you probably know that the practice of medicine is a profession fraught with liability. It’s not just medical malpractice claims either – employment related issues, careless business partners [...]

109, 2014

3 Asset Protection Tips You Can Use Now

A common misconception is that only wealthy families and people in high risk professions need to put together an asset protection plan. But in reality, anyone can be sued. A car accident, foreclosure, unpaid medical [...]

109, 2014

Lifetime QTIP Trusts – The Gift That Keeps Giving

Estate planning for married couples can be tricky when one spouse is significantly wealthier than the other and each spouse wants different beneficiaries to ultimately inherit their estate. One solution to this problem is the [...]