Shielding your assets – Make moves to protect your wealth
$225.00
Description
Abstract: Potential creditors, a plaintiff in a lawsuit or a business failure could threaten the wealth that a dealer has collected over a lifetime. This article offers descriptions — and some of the pros and cons — of three vehicles available for shielding assets from risks: family limited partnerships, offshore trusts, and Crummey trusts. A sidebar explains the importance of having a prenuptial agreement to protect assets.
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