Will a Revocable Living Trust Protect My Asset?

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Will a Revocable Living Trust Protect My Assets?
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Estate Planning and Asset Protection
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Different people are going to have different
concerns when they are involved in the process of
estate planning
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It all depends on your circumstances
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For some, asset protection is a priority
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Why Would You Need Asset Protection?
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If you keep assets in your personal possession,
they can be targeted by people who may be suing
you
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Tax liens could be placed on these assets
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And, they could be part of a divorce settlement
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Assets that you are leaving behind to your loved
ones can also be targeted
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Will a Revocable Trust Protect My Assets?
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REVOCABLE LIVING TRUSTS are very popular in the
field of estate planning
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You may be under the impression that ALL TRUSTS
PROTECT ASSETS
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In fact, revocable living trusts do not protect
assets from creditors or claimants
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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
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In fact, this is part of the appeal
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You retain incidents of ownership, there is
nothing stopping you from satisfying judgments
with the assets
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For this reason they are not protected
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Why Would I Want a Revocable Living Trust?
If you aren't getting any asset protection, why
would you want a revocable living trust?
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Revocable living trusts facilitate the transfer
of monetary assets in a timely and efficient
manner
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A professional fiduciary can manage the trust
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This structure is appealing to many people
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How Can You Protect Assets?
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Revocable living trusts won't protect your assets
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However, there are legal devices that can be
utilized to protect assets
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(No Transcript)
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There are other options as well
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Warren NJ Asset Protection Attorney
Warren NJ Asset Protection Attorney
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You have to look beyond revocable living trusts
if asset protection is a concern
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If you are interested in learning about viable
asset protection strategies, CONTACT OUR FIRM TO
SCHEDULE A FREE CONSULTATION
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Central New Jersey Estate Planning Consultation
Central New Jersey Estate Planning Consultation
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If you live in central New Jersey we invite you
to contact our firm to schedule a free estate
planning consultation
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When you take the appropriate stepsyou can
protect yourself while you provide for everyone
that you love
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