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Yes, Your Family Needs Asset Protection Planning

If you’re like most people, when you hear “estate planning” or “asset protection planning,” you think of someone like JR Ewing of the 1978 show Dallas, Bill Gates, or the Kennedys. WARNING:  Common Misconception A very common misconception is only wealthy families and...

Asset Protection Planning for the Modern Client

Only the very wealthy and those in high-risk professions need asset protection planning, right? That’s a myth. In reality, we all need asset protection.  Why?  Because we all can be sued and lose everything we have.  A car accident, business failure, foreclosure,...

How to Avoid a Basis Management Disaster

Many of us in the legal, financial and accounting worlds discover our new clients’ well-intentioned, yet disastrous, plans after the fact.  The widow has already transferred her house into her children’s names or an inherited IRA is drained to pay for a Porsche. ...

Portability and Married Couples: No Downside

Portability laws and the opportunities they create have significantly increased advisors’ roles in estate planning. No longer is the standard credit shelter trust (with QTIP or outright distribution to spouse) the only way for married couples to plan. Now, CPAs,...

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