The True Foundation of Asset Protection (It’s Not What You Think) When people think about asset protection, they often jump to complex legal documents like trusts and LLCs. While those are powerful tools, the true foundation of any solid asset protection plan is much simpler and more accessible: good liability insurance. Before you can protect […]
Asset Protection Today: Real Estate March 24, 2018 Real estate can be an excellent investment under the right circumstances. This includes both your primary residence as well as investment property. There are several factors to be considered when thinking about purchasing real estate. Everyone knows the adage “Buy low, sell high.” That is excellent advice […]
Basic asset protection planning consists of four main components to make sure you are well protected. The first and most important component is a good liability insurance policy—and that normally means an umbrella policy to give you adequate coverage. You need to take care of this component first, which makes the other components work. Secure […]
The Advantages of a Revocable Trust-Based Estate Plan While a Last Will and Testament is a foundational document, a Revocable Living Trust offers a more powerful and flexible set of advantages for many families. A trust-based plan can provide greater control, privacy, and protection than a will alone can achieve. Benefit #1: Privacy and Avoiding […]
The True Cost of a Do-It-Yourself Estate Plan In a world of online tutorials and DIY projects, it can be tempting to apply the same approach to your legal documents. Software companies and online templates promise a quick, easy, and inexpensive way to create a will or trust. However, when it comes to something as […]
Building Your Team: Why the Right Professionals Matter A successful life plan often requires more than just good intentions; it requires a team of dedicated professionals working together. An experienced attorney, a knowledgeable financial advisor, and a detail-oriented CPA each play a critical role in ensuring your financial and legal affairs are structured correctly. However, […]
Asset Protection for Same-Sex Couples in North Carolina The journey to marriage equality was long and hard-fought. Now that it is the law of the land, same-sex couples in North Carolina have access to the same powerful legal and asset protection tools as all other married couples. While these rights are now universal, for many […]
Navigating Medicare Open Enrollment and Avoiding Scams Each year, the Medicare Open Enrollment period, running from October 15 to December 7, presents a critical opportunity for seniors to review and adjust their health coverage. It’s a time to make important decisions about Traditional Medicare, Medicare Advantage, and prescription drug plans. Unfortunately, this period of complex […]
For any business owner, one of the primary goals is to shield their personal assets—their home, savings, and investments—from any liability related to the business. Forming a legal entity is the first and most critical step in creating this protective barrier. However, simply filing paperwork is not enough. Choosing the wrong entity or failing to […]
A Comprehensive Guide to Asset Protection for Your Family True asset protection is not a single document or a simple checklist; it is a comprehensive, multi-layered strategy designed to shield your family’s wealth from creditors, lawsuits, and the devastating costs of long-term care. Unfortunately, many families approach this process in pieces, resulting in a hodge-podge […]
If you own a corporation or LLC, Google “Corporate Transparency Act” and file your report before the end of the year. Don’t be fined $500.00 per day for failing to file.