Exemption Planning and the Homestead Exemption

What is Exemption Planning? Exemption planning is the process of reorganizing one’s wealth so that much of it is protected (or “exempt”) by law from creditor attachment, even though it’s still owned by that individual. There are some asset types exempt under federal law, but most exemptions come from state law. Then there are bankruptcy […]

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Non-Qualified Personal Residence Trusts

From Asset Protection in Financially Unsafe Times, pp. 197-199 What is a Non-Qualified Personal Residence Trust (Non-QPRTs)? While a Qualified Personal Residence Trust(QPRT) has many potential benefits, it also has some glaring drawbacks; namely, if the grantor dies before their right to live in the home taxfree expires, they will be worse-off, from an estate-tax […]

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Foreclosure is Not Always Tax Free

Video Transcript A lot of you are losing your homes and your investment real estate. A lot of you have mortgages on that real estate that exceeds your cost of the real estate. In that case, you probably have a mortgage on you real estate which exceeds its basis. And there’s a trap. It adds […]

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Co Ownership Planning (JTWROS)

(Excerpt from Chapter 7 of Asset Protection In Financially Unsafe Times by Ryan Fowler & Dr. Goldstein) What is Co-Ownership Planning and JTWROS? Co-ownership planning is defined as the concurrent ownership of property by two and wife. When we refer to co-ownerships, we do not usually mean the ownership of business entities by multiple individuals […]

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Coordinating Your Asset Protection Trust With Your Estate Plan or Will

Download PDF – Coordinating Your Asset Protection Trust With Your Estate Plan or Willby Rob Lambert (3 pages)Download Here Coordinating Your Asset Protection Trust With Your Estate Plan(If You Are Doing Your Estate Planning With An Estate Planning Trust)Provided that the Settlor has actually settled an estate planning trust (hereinafter Settlor’s Estate Planning Trust) specifically directing […]

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