As the pandemic weighs on the economy, make sure assets are protected
Given the economic downtown , it’s even more important for investors consider a plan to make sure assets are protected.
Tag: asset protection
How an LLC can help safeguard assets
A limited liability company (LLC) is among several strategies that may help protect assets from creditor risk.
Three planning ideas for small business owners
Here are three planning ideas that may help entrepreneurs manage their business taxes and liabilities.
Don’t let creditors put your IRA savings at risk
Creditor risk, which may be overlooked by investors, can erode retirement savings, particularly in an IRA account.
Non-hardship 401(k) withdrawals can expand investment opportunities
Some plan participants may use non-hardship 401(k) withdrawals to invest in individual retirement accounts.
Consider trusts for asset protection
Investors often think of trusts as a way to transfer wealth or avoid probate. But certain trusts can be used for asset protection.
How much long-term care insurance will you need?
Some investors choose long-term care insurance as part of retirement and estate planning. You may need guidance deciding how much insurance you will need.
Three things clients need to know about domicile changes
Changes in tax laws, cost of living differences, and the appeal of milder climates prompt many people to consider relocating. While there may be benefits — including financial benefits in some cases — the process can be complex. A person may have several residences, but he or she can only have one domicile or “legal”
Protecting your clients’ assets with a homestead exemption
A homestead exemption can help clients protect their primary residence from creditors’ claims, but it is important that clients understand the laws that are specific to their state. In most states homestead protection is limited, based on when the property was acquired, and caps exist on the amount of home equity that can be protected.
Are your clients’ assets protected from creditors?
Asset protection — also known as “creditor protection” — is an important element of financial planning. Federal and state laws offer safeguards for as variety of assets. Explore a discussion with Bill Cass and Chris Hennessey as they discuss minimizing current risks and and why it is important to think long term about planning. 284626