Estate Planning & Asset Protection

This leaves the distribution of their estate up to the State (or States)
and subject to maximum taxation at the State and Federal levels.
Federal estate tax reaches as high as 55%.   Imagine working hard all
your life, and leaving over half of your hard work to the Federal
government and not to your own children or charitable organization.
Imagine building a business and not planning for business succession.
Imagine not having a guardian appointed for your minor children, or not
having elder care and Medicaid resolved.

Estate planning for most people usually means a simple will. As income
and assets grow, the need for more complex estate planning usually
includes a living revocable trust, a pourover will, durable power of
attorney, healthcare directive, and perhaps other documents and/or
changes to ownership. Further still are the advanced estate planning
tools which would include for some domestic and foreign irrevocable
trusts, limited family partnerships, limited liability companies, and
domestic corporations and/or international business corporations.

I recommend you combine wise estate planning with asset protection
planning. Your future and the future of your loved ones depends upon
how well you plan now.

Disclaimer: As with all such information, you are strongly urged to see
your own legal counsel for your particular situation. This site does not
pretend to give you legal counsel or determine what tools you should
use without legal advise. Enjoy the site, and please let us know if you
have benefited.
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Estate Planning & Asset Protection

Seventy percent (70%) of Americans
have not drafted their own estate plans.

See Our Directory to the Left to go
to Your Interest

Learn on this site how to do good estate planning and good asset protection.
Learn also how to coordinate your business planning with your estate planning.

Your host is
Charles E.
Marunde, J.D.,
Attorney,
Certified Estate
Planner
(previously a
Registered
Financial
Advisor and
Licensed in
Insurance and
Long-term
Care).

Back to
FreeRealEstateLaw

Types of Trusts