Category: John Kenney

Self Directed 401k

A self directed 401K, is a 401K plan arranged for your company. In your role as leader of the company, you will behave as the legal custodian and trustee, overseeing the plan’s financial dealings. The investments for the 401K plan might be in a broad range of permissible investments. The utilization of this type of [..]

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Limited Liability Company LLC

A Limited Liability Company (also referred to as an LLC) is a business structure that has gained popularity because the owners are faced with very restricted or limited liability for debts and actions of the LLC. The LLC also acts more like a partnership, with pass-through taxation and management flexibility. LLC owners are called members. [..]

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Family Limited Partnership FLP

An effective Family Limited Partnership (FLP) can provide very good protection from creditors, as well as the flexibility not found in different trusts, and it is not difficult to change a Family Limited Partnership when the need arises. A Family Limited Partnership boils down to a traditional limited partnership where the partners are members of [..]

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Foreign Asset Protection Trust FAPT

This trust is the ultimate in asset protection. It is drafted in accordance with the laws of a foreign country in order to keep the assets safe from creditors. The Settlor of the trust, also known as the creator, gets to choose which country’s laws to abide by, and selects the provisions and the trustee [..]

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Domestic Asset Protection Trust DAPT

What would happen if you were sued? What would life be like if you lost it all? You don’t need to be a millionaire to be the target of a lawsuit. With more than 70,000 lawsuits being filed every day in this country, would you believe that the majority of the named defendants are actually [..]

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