Your Estate Planning Attorney Is Ripping You Off - By Doing His Job!

How your estate planning attorney is accidentally ripping you off! How to save a lot of money on attorney consultations fees.

Nevis LLC (Foreign LLC) Protects Assets and Avoids Fraudulent Conveyance

How the Nevis Limited Liability Company, a Foreign LLC, can protect one's assets and still avoid fraudulent conveyance if the member's interest remains proportionate to the contributed capital. Creditor can issue charge order against the Nevis LLC. Mentions how Foreign Limited Liability Company and International Business Company (IBC) are used for asset protection and tax haven by Michael Jackson. Defines bearer shares.

The Estate Plan Of Anna Nicole Smith - Lessons For All Of Us

The best time to engage in estate planning is when we are healthy. The example of Anna Nicole Smith and her estate plan is an instructive lesson on how not to handle your own estate planning issues.

Medicaid Nursing Home Spend-Down Program: 5-Year Look Back

The Medicaid nursing home spend-down program mandated by the government has 5-year look back provisions placing financial devastation on senior elderly couples and the next generation baby boomers. What are the government's Medicaid long-term care plans? Is reverse mortgaging an option? Pros and cons of a reverse mortgage. Plan ahead with solid Medicaid estate planning and protection.

Asset Protection-Joint Tenancy and Intentionally Defective Irrevocable Grantor Type Trust

Why Joint Tenancy is bad advice from lawyers? Why Joint Tenancy has no Asset Protection? The alternative is Intentionally Defective Irrevocable Grantor Type Trust.

The Inheritor's Trust

The Inheritor's Trust is a way for a child with a substantial estate to save estate taxes and obtain some protection against creditors, lawsuits, etc. This article discusses this new concept.

Why Everyone Needs At Least A Living Trust

We share one thing in common. If you're reading this article you probably will not live to see the end of the 21st Century. The Revocable Living Trust is something most people should have but few actually see that it's done. Here is why everyone needs the Living Trust.

Financial & Estate Planning For the Dual Income Family

In today's world, it is more common than ever to find dual income households. Recent estimates by the Department of Labor find that women comprise around 47 percent of the American workforce. Compare this percentage to 1960 accounts estimating women in the workplace at around 33 percent. Because of the proliferation of working women, special planning is necessary to properly address the issues faced by households where both spouses work.

Your Will Is the Core of Estate Planning

The single most important document associated with estate planning is a will. Make your will now to assert and safeguard your own decisions about your assets.

Choosing Guardians for Children

The most important decision you'll make in your estate plan is appointing guardians for your minor children. Who you pick will impact not only your children but also the lives of your guardians. While you and your children may feel an affinity for a particular adult(s), that relationship could be strained in a 24-hour-a-day, 7-day-a-week environment. Where should you begin in picking a guardian?

Ira Trusts: What's All The Hype About

A recent new development in estate planning is helping thousands of affluent people across the country with IRAs over 100,000 transcend estate tax and income tax. It keeps your beneficiaries from blowing all of the money you’ve worked so hard for.

Powers Of Attorney Vs. Successor Trustees - Does One Have More Power Than The Other

Question: I am listed as the Successor trustee, my bother is listed as the Durable Power of Attorney for property management of my father's estate. Does one have more power than the other. Does the POA have the power to sell my dad's property or do I the successor? Thanks ahead of time - really confused. N.H.

Why Estate Planning Is a Woman's Issue

In a nation consumed with wealth-building, it's easy to forget that earning money is only half the financial security battle. Equally important is protecting our hard-won financial security with a well-designed estate plan. For women, the importance of planning is paramount, because most often women must cope when loved ones become disabled or die.

Developing Your Estate Plan

You've spent years growing your wealth and building your estate, so it is just good sense to plan to protect your assets and pass them on to your beneficiaries according to your wishes. When you're ready to sit down and develop an estate plan, keep these tips in mind.

How Can An Estate Plan Help Me?

Do you know how your life will be divided after your death? Who will your estate go to? Who will look after your children? With an estate plan you decide. You are in control of your family’s security in the event that something tragic should happen.