Will a Revocable Living Trust Protect My Asset? - PowerPoint PPT Presentation

About This Presentation
Title:

Will a Revocable Living Trust Protect My Asset?

Description:

This presentation talks about how your revocable living trust could protect your asset or what will you do in order for your revocable living trust can protect your asset. – PowerPoint PPT presentation

Number of Views:181

less

Transcript and Presenter's Notes

Title: Will a Revocable Living Trust Protect My Asset?


1
Will a Revocable Living Trust Protect My Assets?
2
Estate Planning and Asset Protection
3
Different people are going to have different
concerns when they are involved in the process of
estate planning
4
It all depends on your circumstances
5
For some, asset protection is a priority
6
1
Why Would You Need Asset Protection?
7
If you keep assets in your personal possession,
they can be targeted by people who may be suing
you
8
Tax liens could be placed on these assets
9
And, they could be part of a divorce settlement
10
Assets that you are leaving behind to your loved
ones can also be targeted
11
2
Will a Revocable Trust Protect My Assets?
12
REVOCABLE LIVING TRUSTS are very popular in the
field of estate planning
13
You may be under the impression that ALL TRUSTS
PROTECT ASSETS
14
In fact, revocable living trusts do not protect
assets from creditors or claimants
15
3
Why Won't a Revocable Living Trust Provide Asset
Protection?
When you convey assets into a revocable living
trust you do not surrender control of these
resources
16
In fact, this is part of the appeal
17
You retain incidents of ownership, there is
nothing stopping you from satisfying judgments
with the assets
18
For this reason they are not protected
19
4
Why Would I Want a Revocable Living Trust?
If you aren't getting any asset protection, why
would you want a revocable living trust?
20
Revocable living trusts facilitate the transfer
of monetary assets in a timely and efficient
manner
21
A professional fiduciary can manage the trust
22
This structure is appealing to many people
23
5
How Can You Protect Assets?
24
Revocable living trusts won't protect your assets
25
However, there are legal devices that can be
utilized to protect assets
26
(No Transcript)
27
There are other options as well
28
Warren NJ Asset Protection Attorney
Warren NJ Asset Protection Attorney
29
You have to look beyond revocable living trusts
if asset protection is a concern
30
If you are interested in learning about viable
asset protection strategies, CONTACT OUR FIRM TO
SCHEDULE A FREE CONSULTATION
31
Central New Jersey Estate Planning Consultation
Central New Jersey Estate Planning Consultation
32
If you live in central New Jersey we invite you
to contact our firm to schedule a free estate
planning consultation
33
When you take the appropriate stepsyou can
protect yourself while you provide for everyone
that you love
34
  • Click to visit AugulisLawFirm.com
  • (908) 222-8803
Write a Comment
User Comments (0)
About PowerShow.com