SECURE STORAGE OF ESTATE PLANNING DOCUMENTS USING BLOCKCHAIN

SECURE STORAGE OF ESTATE PLANNING DOCUMENTS USING BLOCKCHAIN

Gabriel Katzner - March 14, 2024 - Asset Protection

Blockchain is defined as a decentralized and distributed digital ledger containing blocks of linked transactional data. New transactions depend on the previous transactions and thus are stored chronologically and securely. Users cannot delete or modify the chain without consensus from the network. Blockchain technology is used to create an unalterable or immutable ledger. Blockchain is […]

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San Diego estate planning lawyer

THE CORPORATE TRANSPARENCY ACT: DOES IT IMPACT YOUR ESTATE PLAN?

Gabriel Katzner - January 31, 2024 - Asset Protection

The Corporate Transparency Act is a new law, effective January 1, 2024, that was enacted to help combat money laundering, tax fraud, terrorism financing, and other illegal acts. Owners of certain business entities, such as corporations, limited liability companies, and family partnerships, must file a report with the federal government. This report includes information on […]

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charitable lead annuity trust

CREATING A CHARITABLE LEGACY WITH A CHARITABLE LEAD ANNUITY TRUST

Gabriel Katzner - November 10, 2023 - Estate Planning

A charitable lead annuity trust (CLAT) is an irrevocable trust that allows donors to make yearly contributions to the charitable organization of their choice while reducing their estate tax liability and transferring assets to their beneficiaries. This split-interest trust makes it possible to fulfill charitable giving and family wealth transfer goals. You can establish a […]

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EQUITY STRIPPING: LEVERAGING MORTGAGES TO PROTECT REAL ESTATE HOLDINGS

EQUITY STRIPPING: LEVERAGING MORTGAGES TO PROTECT REAL ESTATE HOLDINGS

Gabriel Katzner - October 25, 2023 - Asset Protection

Equity stripping is a set of financial strategies used to protect assets, such as real estate, from creditors. The goal of equity stripping is to reduce the equity in the property to the smallest possible, to make the property less appealing to potential claimants. Home equity is the difference between your home’s market value and […]

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FAMILY LIMITED PARTNERSHIPS (FLPS): PRESERVING FAMILY WEALTH THROUGH STRATEGIC OWNERSHIP

FAMILY LIMITED PARTNERSHIPS (FLPS): PRESERVING FAMILY WEALTH THROUGH STRATEGIC OWNERSHIP

Gabriel Katzner - October 15, 2023 - Estate Planning

Families who operate a business or jointly own real estate or other assets may take advantage of a family limited partnership (FLP) or a limited liability company (LLC) to protect their family’s assets, reduce estate taxes, and transfer wealth between generations while maintaining control of the business or other assets. What is a family limited […]

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CHARGING ORDER PROTECTION: PRESERVING BUSINESS ASSETS FROM PERSONAL LIABILITIES

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) […]

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Minimizing Estate Taxes: Strategies to Preserve Wealth for Future Generations

MINIMIZING ESTATE TAXES: STRATEGIES TO PRESERVE WEALTH FOR FUTURE GENERATIONS

Gabriel Katzner - August 10, 2023 - Estate Planning

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 […]

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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 […]

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