estate planning

asset protection

DOMESTIC ASSET PROTECTION TRUSTS

In our ongoing series debunking of legal business practices we continue with Domestic Asset Protection Trusts (DAPTs). These are simply statutory trusts, created by the laws of currently 16 states, which allow the creator of the trust or ‘grantor/trustor’ to…

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December 9, 2017

asset protection, Business Law

DO YOU REALLY NEED A FAMILY LIMITED PARTNERSHIP?

Attorneys love to push Family Limited Partnerships for estate planning and asset protection purposes, generally because they are costly to prepare and involve a great deal of paperwork, but the real reason is that most people simply do not understand…

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November 20, 2017