Growing old often means accepting help in areas where someone was previously independent. Older adults sometimes move in with family members or require professional support. They may have a nurse come out to their home every day to facilitate intensive medical...
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Asset Protection
Why not reviewing your property records regularly can cost you
Every investment is special, particularly when delivering a solid return on investment (ROI). Perhaps you have such a property because it's consistently outperforming expectations. But beware, because if your property is doing well, others may have noticed too, and...
The right business formation can protect your assets
Before starting a business, you must know which business formation fits best with your operations and management directions. You have a concept in mind, and your entity should represent it accordingly. However, businesses can face legal liabilities and financial...
Involving your adult children in your estate planning
Parents of adult children sometimes struggle with deciding whether to include their adult children in estate planning conversations or whether they don’t tell them anything. There are benefits to discussing your estate planning with your children, even though it may...
Can you protect an heir from creditors?
Estate planning can sometimes become difficult if you’re not sure how your heirs are going to use your money. For example, some individuals are concerned that an heir who struggles with addiction may simply use all of their inheritance to fund that addiction, and they...
What a DAPT trust can do for you
If you own significant assets and are looking for a way to shield them from creditors, a domestic asset protection trust (DAPT) could be the solution. Nevada's version of this trust is one of the most debtor-friendly in the country. Also known as a self-settled...
How can you address debts and protect yourself from creditors?
Estate planning in Nevada isn't just a way to leave property for your family when you die. It can also be a way to protect yourself from creditor activity as you get older and have less income. Your estate plan could be a way for you to protect your assets from...
Including your unique assets in your estate plan
Your assets are more than your home and your bank accounts. The unique and valuable assets you have collected over your lifetime are an essential part of your estate plan. Deciding how to distribute your collectibles can be a challenging part of creating your estate...
What people should pursue an asset protection trust?
Nevada is among the more than a dozen states that allow for the creation of asset protection trusts. The state understands that high-asset individuals and certain businesses are at risk of losing a portion of their wealth through adverse judgments and from creditors....
The parallel lines of asset planning and estate planning
A crucial and, sometimes, overlooked aspect of estate planning includes asset protection. With an estate plan, you know that you have long wanted to protect your assets after your death. You must understand that you can do the same while you are alive, too. An...