Take the proper steps to insulate your estate from creditors
Abstract: For years, many individuals may have viewed estate taxes as the main threat to their family fortunes, especially if they own a successful business or valuable real estate. But with the federal gift and tax exemption set at $11.58 million for 2020, estate taxes are perhaps no longer a concern. Today individuals may be more focused on protecting their estates from creditors and lawsuits. This article details several ways to accomplish this objective in accordance with prevailing state laws.