Some of the wealth protection strategies we provide for our clients address the following risks:
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Loss of market value of estate assets transferred to heirs due to estate taxes
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Lawsuits and creditor claims on your assets
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Loss of estate assets transferred to beneficiaries due to spendthrift spouses of your children
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Loss of estate assets from deceased spouse due to remarriage
Some of the risk management solutions to these and other problems are the following:
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Using life insurance within an ILIT to replace estate and income taxes paid by heirs
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Using domestic asset protection trusts (DAPT) to protect assets from claims of creditors
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Using sufficient property and casualty insurance coverage and umbrella coverage to mitigate loss of assets in a catastrophe
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Use of separate property trusts to maintain property transferred to children as separate property to help protect them from spendthrift spouses
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Use of pre-nuptial agreements for second marriages to protect from spendthrift second spouse
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W E A L T H P R O T E C T I O N S T R A T E G I E S