Estate Planning?
Aging Is The Sign Of A Successful Life
Your aging is a success story. After all, when you think about the alternative to aging your perspective about getting older shifts. You should start seeking self-sufficiency for your retirement years well before the age of sixty-five. But, even if you have not done so, don’t shun the planning stages. You need to address planning…
Read MoreDo You Have a Loved One With Special Needs? Consider a Special Needs Trust
What is a Special Needs Trust? In general, a trust is created when property or assets are managed by a person or firm for another person’s benefit. The person or entity who manages the trust is known as the trustee and will be responsible for making decisions in the best interest of the person who…
Read MoreYou Have A Will: Is That Enough?
Roughly half of all Americans don’t have a will, so if you’ve already taken this vital step to protect your assets and successors then congratulations are in order – you’re already ahead of the curve. While a will is a necessary document that every person who owns assets should have, it is still a relatively…
Read MoreHow To Avoid Or Deal With Probate
First we will start off on the top 3 ways to AVOID probate and after we will go into dealing with it if you’re in the middle of it right now… All of us would like pass on a little something to our children or other loved ones. We save and save to make life…
Read More6 Step Estate Plan For You And Your Parents
READ THIS IF YOU WANT TO PROTECT YOU AND YOUR PARENTS WITH A PROVEN ESTATE PLANNING FORMULA… We’d been married for more than 30 years and were very close with Terrie’s mother “Jean,” spending every holiday and Sunday together (her name has been changed here for privacy reasons). But our happiness turned into a nightmare…
Read MoreThe Serious Risks of Self Settled Trusts
In a recent interview I did, I revealed how self settled trusts leave people’s assets exposed. While establishing self settled trusts in the place of more conventional asset protection plans is trendy these days, there are some serious setbacks that could do more harm than good. The most appealing aspect of a self settled trust…
Read MoreTop 3 Most Common Asset Protection Misconceptions
Asset Protection Misconception Number 1: Insurance Protects You You know what I hear the most from my clients, who are exclusively real estate investors? “I thought all I needed to protect my assets was a general liability insurance policy?” This couldn’t be more further from the truth. I have nothing against insurance, but when you…
Read MoreThe BIG Misconception About How Insurance Protects Your Assets
“My financial advisor told me that in order to achieve asset protection for my investment properties, I only need a general liability policy.” This is something I hear consistently from real estate investors. Don’t get me wrong, I am a huge advocate of insurance. But in order to achieve proper asset protection, insurance must be…
Read MoreThe 2 Strategies To Protect Assets For Real Estate Investors
Why Incorporate Your Real Estate? Real estate can be a good investment, but one that comes with a host of risks and liabilities. If your properties are titled to a person and not a business entity, you are personally liable for damage or losses that may arise from accidents, injuries, interruptions to business or other…
Read More5 Most Common Mistakes with Asset Protection You’re Probably Making
Protecting your assets is one of the most important things a real estate investor can do. And ready-made options don’t work. Asset protection really does keep you and your investments safe, so you can’t ignore the threat. Mistake #1: Not Understanding the Choice of Entities. There are many possible methods of owning real estate, including…
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