Asset Protection Planning: Transmutation by Utilization of Charging Order Business Entities
May 20, 2010
A. Introduction
A charging order is a court order available to a judgment creditor directed
to the partnership or LLC of which the judgment debtor is a partner or member
which grants the judgment cr...
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Asset Protection Planning: Use of Trusts in Risk Management Planning
May 20, 2010
A. Traditional Domestic Trusts
Trusts can be among the useful of asset protection tools. However, many
trusts that are created for estate planning purposes are not properly
structured to provid...
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Asset Protection Planning: Marital Planning
May 20, 2010
Prenuptial agreements and marital property agreements can be effectively
utilized for risk management purposes. In California, one spouse may transmute his/her
separate or community property by written...
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Asset Protection Planning: Fraudulent Conveyance Law
May 20, 2010
A. Overview
The process of planning for estate preservation and risk management involves
the marshaling together of ones assets in order to protect them from loss or
dilution from potential risk and cl...
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Asset Protection Planning: Introduction
May 20, 2010
Asset protection planning has been practiced by attorneys, financial
planners and accountants for several decades. Business persons have always had
concern over the exposure of their personal assets to...
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From Tragedy to Big Tax Savings for Small Business Owner
May 20, 2010
Several years ago, another
attorney for a small closely held company approached me with the fact situation
set forth below:
Peter was the President of a
small manufacturing company and acted as the Ge...
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An Ounce Of Prevention (and Proper Planning) Can Offset A Pound Or More Of Liability
May 20, 2010
Recently I had two different sets
of clients come in to me with major legal problems. As you will be able to perceive after reading
this article, these problems could have been drastically mitig...
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Will I Still Go Through Probate If I Have A Living Trust?
May 20, 2010
You do not have to go through probate if you properly funded your Living Trust or in other words, you properly transferred the assets in to Trust....
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How Do I Fund A Living Trust?
May 20, 2010
Funding a Living Trust or in other words, transferring assets into the Name of your Trust. This involves the recording of deeds, transferring of title to bank, investment and brokerage accounts and som...
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Can Litigation Occur In Probate Or Trust Administration?
May 20, 2010
Litigation arise from drafting errors in the initial Estate Plan as well disagreements among beneficiaries and blended families....
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