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What You Need to Know About Setting Up a Limited Liability Company

Books describing a limited liability company

Starting up a Limited Liability Company (LLC) can provide important business protection and potentially reduce to your tax liability. However, not all state LLC statutes are the same. And the protection afforded an LLC largely depends on how a person sets it up and uses it. What is a limited liability company? A limited liability […]

When Should You Consider Setting Up an Asset Protection Trust?

Should You Consider Setting Up an Asset Protection Trust

Setting up an asset protection trust can help you protect your assets from creditors, lawsuits, and other financial risks. It is a popular tool.  But it only works in these circumstances: The person creating the trust is a resident of a state that permits them, and The person creating the trust is not subject to […]

Cases Defeating Offshore Trusts

Photo of federal courthouse in Galveston, Texas. Cases Defeating Offshore Trusts.

The following is a list of over 2 dozen court cases defeating offshore trusts. There are no cases to the contrary. Bankruptcy Court Cases Defeating Offshore Trusts: In re Colburn 145 B.R. 851 (Bkrpt E.D. Va. 1992). (For failing to disclose offshore trust, debtor was denied a discharge and accused of fraud). Brown v. Higashi, (Bkrpt […]

How to Establish a Trust for Real Estate

trust for real estate

Setting up a trust for real estate assets is a great way to protect your assets. It’s also a good way to make sure your wishes regarding their distribution are carried out. By understanding the different kinds of trusts available and the process for setting them up properly, you can take full advantage of this […]

Everything You Need to Know About Setting up a Will and a Trust

Understand the Differences Between a Will and a Trust

Setting up a will and trust can help ensure that  someone manages your assets according to your wishes when you pass away. With the proper set-up, these legal instruments can save money for your loved ones. They can also protect your legacy for generations to come. Understand Your Responsibilities as a Trustmaker. When you set […]