CHARGING ORDER PROTECTION: PRESERVING BUSINESS ASSETS FROM PERSONAL LIABILITIES

Gabriel Katzner - August 30, 2023 - Asset Protection

Charging order protections are court orders for creditors, allowing them to receive distributions from a business that would otherwise be paid to a debtor. Charging order laws vary by state, but they should balance a creditor’s rights with the importance of maintaining the business’s operational integrity. What are limited liability entities? Limited liability entities (LLEs) […]

MINIMIZING ESTATE TAXES: STRATEGIES TO PRESERVE WEALTH FOR FUTURE GENERATIONS

Gabriel Katzner - August 10, 2023 - Asset Protection

Minimizing estate taxes requires careful planning and taking the time to consider multiple different strategies. Since estate tax laws vary by state, it is essential to consult with an estate attorney to determine the most suitable strategies for your particular circumstances. Here are ten common strategies used to reduce estate taxes. 1. Charitable trusts and […]

Lawyer and client shaking hands in agreement

DOMESTIC SELF-SETTLED TRUST FOR ASSET-PROTECTION

Gabriel Katzner - July 11, 2023 - Asset Protection

A self-settled trust is a type of trust in which the settler, or the person who created the trust, is also the beneficiary. This type of trust varies from the typical trust in which the grantor’s assets are conveyed into a trust for the benefit and protection of others. Settlers use a self-settled trust to […]

Man in suit holding a notebook with inscription in silver words that say cohabitation agreement

COHABITATION: A NEW NORM THAT REQUIRES LEGAL PLANNING

Gabriel Katzner - May 30, 2023 - Asset Protection

Cohabitation without marriage is becoming more common in the U.S. Buying a home with your partner may make financial sense, but it can come with some legal complications. While most couples do not go into a relationship planning for when it will end, it can happen, and sharing everything may lead to some unintended consequences. […]

different crypto coins placed on top of a mobile phone with crypto app open saved with password, don't make the mistake of not having and estate plan

LESSONS FROM CRYPTOCURRENCY INVESTOR MISTAKES

Gabriel Katzner - March 14, 2023 - Asset Protection

Cryptocurrency is an amazing advancement that allows for secure and private transactions. However, extreme security and privacy can backfire if you lose the ability to access your cryptocurrency or never tell anyone how to access it upon death. Because cryptocurrency is so new, your estate plan may not include information about your cryptocurrency investments, which […]

Big brick house with a large beautiful green lawn

PLACE YOUR HOME IN A QUALIFIED PERSONAL RESIDENCE TRUST

Gabriel Katzner - February 27, 2023 - Estate Planning

What is a Qualified Personal Residence Trust? A Qualified Personal Residence Trust (QPRT) is a type of irrevocable trust that allows the owner of a personal residence to transfer the title and ownership of their home to their trust for a set number of years, usually 5-20. When the QPRT terminates, home ownership is […]

Parents sitting together covering their child with a wooden roof

ESTATE PLANNING TO PROTECT YOUR CHILD’S INHERITANCE

Gabriel Katzner - November 17, 2022 - Asset Protection

The divorce rate is declining in the United States but remains between 31% and 42%. Your children enter their marriages sure that their marriage is strong and would never be subject to divorce, but it happens. In addition to concerns about your child’s happiness and your grandchildren’s welfare, you also need to ensure that your […]

Granparents at the yard with gran daughter looking at a picture album during sun set

What is a Generation Skipping Transfer Tax?

Gabriel Katzner - September 28, 2022 - Asset Protection

Taxes are a fact of life, but some tax schemes are better known than others. For example, everyone who earns a paycheck knows about the federal income tax deductions from their pay each pay period. Lesser known taxes include capital gains, gift, and generation-skipping transfer taxes. The generation-skipping transfer tax (GST) is a federal tax […]

Members of a small business corporation discussing a project in front of a laptop

ESTATE PLANNING AND YOUR S CORPORATION

Gabriel Katzner - September 13, 2022 - Asset Protection

Small business owners have many options when structuring their business and choosing their tax status. One option is an S corporation. The business structure you choose will affect your estate planning, so it is essential to seek the guidance of an experienced estate planning attorney and tax advisor when estate planning as a small business […]

OWNING REAL ESTATE: THE LIABILITY AND PROTECTION OPTIONS

Gabriel Katzner - August 18, 2022 - Asset Protection

Real estate can refer to your primary residence, but it can also include a vacation home or rental property. Below, we take a look at the different types of real estate and make suggestions about the best form of ownership for each. Primary Residence A primary residence receives special tax treatment, so you’ll need to […]

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