As the recent recession ended and a new real estate growth period started, many real estate purchases in recent years were investor or second-home buyer purchases -- an indicator of the growing popularity of real estate investing as a wealth-building strategy. Understanding the basic principles of asset protection -- tools and techniques used to legally [...]
I heard that my family will get my property and my children anyway if I die without a will. If you die without an estate plan the state has a plan for you. The state has a law that says who will get all of your property upon your death. Even if you are married, [...]
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 [...]
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 [...]
