Tag: Trusts

New CLE: Preventing Trusts and Estates Malpractice

  If you are in business… you will probably get sued. It’s just a fact in our litigious society. And although the law is a profession, lawyers run business and can also expect to be sued. Legal Malpractice Like most attorneys, you probably feel like there is no way you could ever be sued – until that process server shows up at…

New CLE on Wyoming Private Trust Companies

What is a Private Trust Company? How does it work? What are the advantages of setting up the PTC in Wyoming? Private trust companies have become an increasingly popular estate planning tool for managing dynastic wealth – but is a Private Trust Company a good fit for your clients? What Is a Private Trust Company? A PTC is a state-chartered entity designed…

CLE on Selecting a Professional Fiduciary as a Successor Trustee

When it comes to nominating a successor trustee there are usually four main groups that people regularly turn to – family members, friends, corporate trustees – and more recently, professional fiduciaries. But what exactly does a professional fiduciary do? Licensed Professional Fiduciary A professional fiduciary serves the client’s best interest by acting as a trustee, agent under a durable power of attorney…

CLE Course: Advanced Asset Protection Planning

For the past several years, asset protection has been one of the fastest growing areas of law. Asset protection is also one of the most controversial areas of law because the goal is to shield assets from the reach of creditors. Properly implemented asset protection planning should be both legal and ethical and it should not be based on hiding assets or…

CLE Course: Use of Trusts in Asset Protection

The main goal of asset protection planning is simple: insulate assets from claims of creditors without concealing the assets or committing tax evasion. While it is generally impossible to completely and absolutely shield assets, the focus of asset protection should be on making assets more difficult and more expensive for creditor’s to reach. Trusts are often effective vehicles to protect assets because…

CLE Course: Advanced Planning with Trusts

The primary goal of all asset protection planning is to insulate assets from claims of creditors – without concealing assets or committing tax evasion. Generally, it is impossible to completely and absolutely protect assets. The focus of asset protection is on making assets more difficult and more expensive to reach. All asset protection planning is based on two principle premises: creditors can…