Integrated Estate Planning
Many attorneys feel Estate Planning is primarily post-mortem planning. We believe it very much involves current financial planning combined with contingency planning for the time when a family member becomes incapacitated or passes on. It involves positioning assets for easy transfer, contiguous management and protection in addition to wills, trusts, and most importantly tax planning for the estate.
This article is designed to introduce you to the importance of asset planning and the need to protect your wealth. It is published as part of general information series for visitors to our web site. If you need to pursue an asset protection strategy, make sure you do it with the assistance of a professional.
By now, you are familiar with the key concepts underscoring the need for asset protection. You know that there are many entities and structures that can be used to strengthen your defenses against creditors' attacks or, even better, reduce the likelihood of claims being raised at all. Indeed, offshore entities can provide significantly greater deterrence to creditors than their domestic counterparts. However, there is one creditor whose claim to your assets cannot be deterred......Read more...