Does Revocable Living Trust Provide Asset Protection?

Information about Does Revocable Living Trust Provide Asset Protection?

Published on March 10, 2014

Author: costleylawnc

Source: authorstream.com

Content

Does a Revocable Living Trust Provide Asset Protection?: Does a Revocable Living Trust Provide Asset Protection? PowerPoint Presentation: Estate Planning Objectives PowerPoint Presentation: There is no one-size-fits-all estate plan, because different people have different objectives For some, asset protection is a big concern: For some, asset protection is a big concern PowerPoint Presentation: What Is Asset Protection? We live in a litigious society: We live in a litigious society Asset protection strategies are used to keep assets out of the reach of creditors and litigants: Asset protection strategies are used to keep assets out of the reach of creditors and litigants These strategies can also be used to keep assets out of play during divorce proceedings:  These strategies can also be used to keep assets out of play during divorce proceedings PowerPoint Presentation: Trusts & Asset Protection PowerPoint Presentation: Some people assume that assets that have been conveyed into any type of trust would be protected PowerPoint Presentation: THIS IS A FALSE ASSUMPTION PowerPoint Presentation:  Revocable Trusts vs. Irrevocable Trusts There are different types of trusts: There are different types of trusts PowerPoint Presentation: Some are revocable, and some are irrevocable PowerPoint Presentation: Generally speaking, assets held in an irrevocable would be protected Assets that have been conveyed into a revocable trust are not protected: Assets that have been conveyed into a revocable trust are not protected PowerPoint Presentation: Revocable Living Trusts REVOCABLE LIVING TRUSTS are very commonly utilized: REVOCABLE LIVING TRUSTS are very commonly utilized PowerPoint Presentation: While they are useful, they don't provide asset protection PowerPoint Presentation: Revocable living trusts are largely used to enable probate avoidance PowerPoint Presentation: Asset Protection Strategies PowerPoint Presentation: Though revocable living trusts won't protect assets there are viable asset protection strategies that can be employed PowerPoint Presentation: ASSET PROTECTION CONSULTATION PowerPoint Presentation: If you would like to discuss asset protection with a licensed estate planning attorney, contact our firm to schedule a free consultation PowerPoint Presentation: Click to visit: organizeyourassets.com

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