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LLCs protect your personal assets from lawsuits filed against the business. If you operate a business that's registered as an LLC and damage is caused in the course of doing business, the impacted ...
Continue reading → The post How to Protect Your Assets From Lawsuits appeared first on SmartAsset Blog. As you build wealth, you increasingly become a target for lawsuits. Lawyers often see ...
Asset protection planning aims to protect assets from creditor claims. Here's a breakdown of several ways to go about this process. Asset protection planning aims to protect assets from creditor ...
Asset protection (sometimes also referred to as debtor-creditor law) is a set of legal techniques and a body of statutory and common law dealing with protecting assets of individuals and business entities from civil money judgments. The goal of asset protection planning is to insulate assets from claims of creditors without perjury or tax ...
The notions of insurance and protection are often synonymous, especially when it comes to your assets. Sometimes it takes money to protect your money, and the long run has proven that many times ...
Most asset protection trusts established by U.S. settlors are considered "grantor trusts" under U.S. income tax law, meaning that all income of the trust is reportable on the grantor's (i.e., the settlor's) individual income tax return. Asset-protection trusts do not, in and of themselves, offer any tax advantages under U.S. income tax law.