Asset Protection Archives - About Estate Planning https://aboutestateplanning.com/category/asset-protection/ Knollmiller & Arenofsky, LLP Thu, 08 Aug 2019 22:19:38 +0000 en-US hourly 1 Minimizing Beneficiary Squabbling https://aboutestateplanning.com/minimizing-beneficiary-squabbling/ Wed, 07 Aug 2019 15:41:47 +0000 http://aboutestateplanning.com/?p=1448 We have all seen it. The media likes to pass along juicy stories of actors that either had no wills or their heirs are fighting tooth and nail over the inheritance. But how do we stop any infighting among our own beneficiaries when we pass? Most families get along great… Read More

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]]> Business Succession Planning https://aboutestateplanning.com/business-succession-planning/ Tue, 26 Jun 2018 09:49:57 +0000 http://aboutestateplanning.com/?p=1416 Business succession planning is the process through which new owners are identified to replace the current owners when they leave, retire or pass away. New owners often include internal people, either employees or family members, to fill the important positions in the company. Transferring A Business To Heirs A revocable… Read More

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]]> Do ERISA Retirement Plans Bar A Creditor From Garnishing The Account Even If The Transfer Was Fraudulent? https://aboutestateplanning.com/do-erisa-retirement-plans-bar-a-creditor-from-garnishing-the-account-even-if-the-transfer-was-fraudulent/ Thu, 24 May 2018 18:49:25 +0000 http://aboutestateplanning.com/?p=1363 Believe it or not the answer is yes. Okay, some very brief background. ERISA, i.e. 401(k) plans, are known to be pretty solid creditor protections for anyone that has such a plan. IRAs as well but not quite as strong as ERISA plans. Anytime a financial adviser is discussing the… Read More

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]]> Do Recent Tax Changes Pose A Threat To Estate Plans? https://aboutestateplanning.com/do-recent-tax-changes-pose-a-threat-to-estate-plans/ Thu, 29 Mar 2018 20:24:42 +0000 http://aboutestateplanning.com/?p=1268 Not really according to a new survey from TD Wealth.  The survey found that 44% of estate planning professionals cite family fights as the biggest threat to estate planning in 2018.  Only 25% cite tax reform with the remaining 12% considering the volatility in the stock as the next largest… Read More

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]]> Asset Protection Laws In Arizona https://aboutestateplanning.com/asset-protection-laws-in-arizona/ Wed, 21 Mar 2018 10:01:11 +0000 http://aboutestateplanning.com/?p=1259 The need for asset protection planning arises when you have to achieve your goals and protect your family wealth and assets from the claims of creditors. The tools used for asset protection planning may be used alone or paired with some other tools and strategies in order to achieve the… Read More

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]]> Are Inherited IRAs Subject to Creditor Claims? https://aboutestateplanning.com/are-inherited-iras-subject-to-creditor-claims/ Mon, 16 Jun 2014 22:51:14 +0000 http://aboutestateplanning.com/are-inherited-iras-subject-to-creditor-claims/ The answer is YES. On June 12th the Supreme Court of the United States handed down a decision stating that Inherited IRA’s are subject to the claims of creditors. For anyone who inherits an IRA, creditors or a spouse in a divorce can attach that inheritance if not properly planned.… Read More

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