Will a Revocable Living Trust Protect My Asset?

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Information about Will a Revocable Living Trust Protect My Asset?
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Published on March 20, 2014

Author: AugulisLawNJ

Source: authorstream.com

Will a Revocable Living Trust Protect My Assets?: Will a Revocable Living Trust Protect My Assets? Estate Planning and Asset Protection: Estate Planning and Asset Protection Different people are going to have different concerns when they are involved in the process of estate planning: Different people are going to have different concerns when they are involved in the process of estate planning It all depends on your circumstances: It all depends on your circumstances For some, asset protection is a priority: For some, asset protection is a priority PowerPoint Presentation: Why Would You Need Asset Protection? 1 PowerPoint Presentation: If you keep assets in your personal possession, they can be targeted by people who may be suing you PowerPoint Presentation: Tax liens could be placed on these assets PowerPoint Presentation: And, they could be part of a divorce settlement PowerPoint Presentation:  Assets that you are leaving behind to your loved ones can also be targeted PowerPoint Presentation: Will a Revocable Trust Protect My Assets? 2 PowerPoint Presentation: REVOCABLE LIVING TRUSTS are very popular in the field of estate planning You may be under the impression that ALL TRUSTS PROTECT ASSETS: You may be under the impression that ALL TRUSTS PROTECT ASSETS In fact, revocable living trusts do not protect assets from creditors or claimants: In fact, revocable living trusts do not protect assets from creditors or claimants PowerPoint Presentation: Why Won't a Revocable Living Trust Provide Asset Protection? 3 When you convey assets into a revocable living trust you do not surrender control of these resources PowerPoint Presentation: In fact, this is part of the appeal PowerPoint Presentation: You retain incidents of ownership, there is nothing stopping you from satisfying judgments with the assets PowerPoint Presentation: For this reason they are not protected PowerPoint Presentation: Why Would I Want a Revocable Living Trust? 4 If you aren't getting any asset protection, why would you want a revocable living trust? PowerPoint Presentation: Revocable living trusts facilitate the transfer of monetary assets in a timely and efficient manner A professional fiduciary can manage the trust:  A professional fiduciary can manage the trust PowerPoint Presentation: This structure is appealing to many people PowerPoint Presentation: How Can You Protect Assets? 5 PowerPoint Presentation: Revocable living trusts won't protect your assets PowerPoint Presentation: However, there are legal devices that can be utilized to protect assets There are other options as well: There are other options as well PowerPoint Presentation: Warren NJ Asset Protection Attorney Warren NJ Asset Protection Attorney PowerPoint Presentation: You have to look beyond revocable living trusts if asset protection is a concern PowerPoint Presentation: If you are interested in learning about viable asset protection strategies, CONTACT OUR FIRM TO SCHEDULE A FREE CONSULTATION PowerPoint Presentation: Central New Jersey Estate Planning Consultation Central New Jersey Estate Planning Consultation PowerPoint Presentation: If you live in central New Jersey we invite you to contact our firm to schedule a free estate planning consultation When you take the appropriate steps you can protect yourself while you provide for everyone that you love: When you take the appropriate steps you can protect yourself while you provide for everyone that you love PowerPoint Presentation: Click to visit: AugulisLawFirm.com (908) 222-8803

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