Estate planning, when done well, combines a variety of inter-related goals and objectives into one cohesive plan. Ensuring that your estate assets are distributed according to your wishes at the end of your life is likely a primary goal. Protecting those assets over the course of your lifetime, however, should also be one of your estate planning goals if you want to be certain there will be assets left to distribute after you are gone. One of the threats to your assets that you may not have considered is the very real possibility that you (or a spouse) will need [Read more…] The post How Does Long-Term Care Threaten My Assets? appeared first on Hedeker Law.
https://hedekerlaw.com/how-does-long-term-care-threaten-my-assets/
Tag: assets
What Type of Trust Protects Assets?
You may already recognize the need to have a comprehensive estate plan in place. That plan, however, should accomplish more than just directing the distribution of your estate assets after you are gone. In order for you to have any assets left to distribute, for example, you must protect the assets you acquire over the course of your lifetime. You may have heard that trusts are frequently used to protect assets. What type of trust protects assets though? Why Is Protecting Your Assets Necessary? If you take a minute to stop and consider the issue, you will quickly realize that [Read more…] The post What Type of Trust Protects Assets? appeared first on Hedeker Law.
https://hedekerlaw.com/what-type-of-trust-protects-assets/
How to Use an Irrevocable Living Trust to Protect Assets
For most people, the primary goal of an estate plan is to ensure that their assets are passed down to help provide for loved ones upon their death. For those assets to be available to be passed down, however, they must also be protected over the course of your lifetime from a wide variety of threats. In fact, asset protection tools and strategies should be a routine part of any well thought out estate plan. The asset protection lawyers at Hedeker Law, Ltd. explain how you can use an irrevocable living trust to protect the assets that make up your [Read more…] The post How to Use an Irrevocable Living Trust to Protect Assets appeared first on Hedeker Law.
https://hedekerlaw.com/how-to-use-an-irrevocable-living-trust-to-protect-assets-2/
How to Use an Irrevocable Living Trust to Protect Assets
When you create your initial estate plan the focus will likely be on the distribution of your estate assets in the event of your unexpected death. As you mature, and your assets grow, you will likely want to add additional components to your estate plan to reflect the changes in your life and priorities. For example, if you now have a moderate to large estate, you need to start thinking about protecting your estate assets from a variety of potential threats. After all, if you fail to protect your estate assets during your lifetime there won’t be any left to [Read more…] The post How to Use an Irrevocable Living Trust to Protect Assets appeared first on Hedeker Law.
https://hedekerlaw.com/how-to-use-an-irrevocable-living-trust-to-protect-assets/
Asset Protection Trusts — Can They Protect My Assets If My Spouse Remarries after I Die?
The process of estate planning frequently requires you to focus on, and contemplate, some scenarios, possibilities, and eventualities that are less than pleasant to consider. Your own immortality, after all, is at the heart of your estate plan. If you are married, you may also have discussed the likelihood that one of you will outlive the other. The thought of your spouse remarrying after your death may be an emotional subject matter; however, it can also have a very significant financial impact as well that you need to be aware of, and plan for, in your estate plan. Asset protection [Read more…] The post Asset Protection Trusts Can They Protect My Assets If My Spouse Remarries after I Die? appeared first on Hedeker Law.
https://hedekerlaw.com/asset-protection-trusts-can-protect-assets-spouse-remarries-die/
Lincolnville Asset Protection Trusts – Are Your Assets Safe?
The average person spends a lifetime working hard to amass enough assets to live comfortably during retirement and have something left to pass down to children and other loved ones at the end of their life. If this describes you, it is important that you understand the need to protect the assets you have already acquired and will acquire in the future. Although you may be aware of some common threats to your assets, there are likely other threats of which you are unaware. One way you may be able to protect your hard-earned assets is by incorporating Lincolnville asset [Read more…] The post Lincolnville Asset Protection Trusts Are Your Assets Safe? appeared first on Hedeker Law.
https://hedekerlaw.com/lincolnville-asset-protection-trusts-assets-safe/
Using an Irrevocable Living Trust to Protect Assets
When you create your initial estate plan the focus will likely be on the distribution of your estate assets in the event of your unexpected death. As you mature, and your assets grow, you will likely want to add additional components to your estate plan to reflect the changes in your life and priorities. For example, if you now have a moderate to large estate, you need to start thinking about protecting your estate assets from a variety of potential threats. After all, if you fail to protect your estate assets during your lifetime there won’t be any left to [Read more…] The post Using an Irrevocable Living Trust to Protect Assets appeared first on Hedeker Law.
https://hedekerlaw.com/irrevocable-living-trust/
Site Title 