Asset protection is a field of legal practice that takes advantage of existing legal statutes and common law to help protect assets of individuals and business entities from civil judgments. With effective asset protection planning you can lawfully protect assets
Latest from Mile High Estate Planning - Page 2
Intestate Probate
What to do when a parent dies without a will?
When someone passes away without a will, it is said they died intestate. This means that the person’s estate will be distributed according to the laws of intestate succession. These
Steps on How to Find Out If Someone Left You Money
When someone dies, they often leave behind a will—a document that dictates how their money and possessions should be distributed after they’re gone.
A will ensures that a person’s loved ones will be cared for and their final wishes
What’s The Difference Between A “Living Trust” & “Living Will?”
There seems to be a lot of confusion about the difference between “wills” and “trusts.” It’s completely understandable. Estate planning terms like “will” and “trust” aren’t top of mind for most people. However, knowing what these terms mean and what
Can You Set Up a Trust without an Attorney
When people think of a trust, they might imagine a heavy and intimidating legal document. The truth is a trust is essentially a relationship in which one person, known as the grantor, gives another the right to hold title to
Understanding Offshore Trusts: A Way to Protect Your Assets
Those who have an interest in protecting their assets have probably considered establishing a trust. A trust can offer legal protection to those who want to defend their resources from creditors or lawsuits. It’s a way to transfer your assets
Best Offshore Trust Jurisdictions for Asset Protection
Common Offshore Trust Options for U.S. Persons
Jurisdictions
Bahamas
Belize
Cayman Islands
Cook Islands
Self-settled Trusts Allowed
🗹
🗹
🗹
Bankruptcy Protection
🗹
Spendthrift Provisions
🗹
🗹
Laws bar foreign judgments
🗹
Fraudulent Transfer Limits
2 years
Immediate
6 years
6 Best Asset Protection States
Asset protection is a phrase that gets tossed around quite a bit, typically in grandiose fashion. We hear about asset protection trusts in celebrity divorce proceedings or when a wealthy businessman moves their wealth offshore to escape creditors. However, asset
How a Bona Fide Resident of Puerto Rico Can Protect Their Cryptocurrency from Lawsuits and Creditor Claims
Imagine this, Bill Crypto has a passion for digital currency, lives in Los Angeles, California and has been investing in cryptocurrency since Bitcoin was in its infancy. He’s struck it rich in crypto and has even opened his own crypto-related
Are Cook Islands Trusts Safe?
Offshore asset protection trusts may have a bad reputation as a scam or a way to commit fraud, but this is simply not the case. Despite the way the media and public opinion would have you believe, offshore asset protection