30

Click here to load reader

Does a Revocable Living Trust Protect Assets?

Embed Size (px)

DESCRIPTION

This presentation talks about living trusts in Hartford Connecticut - its importance, who needs it and how to create one.

Citation preview

Page 1: Does a Revocable Living Trust Protect Assets?

DOES A REVOCABLE LIVING TRUST PROTECT ASSETS?

Page 2: Does a Revocable Living Trust Protect Assets?

Asset Protection

Page 3: Does a Revocable Living Trust Protect Assets?

Many people would benefit from the deployment of asset protection strategies when they are engaged in the process of estate planning

Page 4: Does a Revocable Living Trust Protect Assets?

Asset protection involves positioning your assets in a way that shields them from creditors

and claimants

Page 5: Does a Revocable Living Trust Protect Assets?

Who Needs Asset Protection?

Page 6: Does a Revocable Living Trust Protect Assets?

Just about anyone could be targeted in a lawsuit

1

Page 7: Does a Revocable Living Trust Protect Assets?

Property that you are leaving behind to your children could be lost in

divorce settlements

2

Page 8: Does a Revocable Living Trust Protect Assets?

In a real sense, EVERYONE COULD USE ASSET PROTECTION

Page 9: Does a Revocable Living Trust Protect Assets?

However, some people are more vulnerable than others

Page 10: Does a Revocable Living Trust Protect Assets?

Inherent Exposure

Page 11: Does a Revocable Living Trust Protect Assets?

Individuals who are engaged in certain investment activities are inherently VULNERABLE TO

LAWSUITS

Page 12: Does a Revocable Living Trust Protect Assets?

This would include real estate investors who rent out property

Page 13: Does a Revocable Living Trust Protect Assets?

Physicians are also vulnerable, because they can be subject to

malpractice suits

Page 14: Does a Revocable Living Trust Protect Assets?

Revocable Living Trusts

Page 15: Does a Revocable Living Trust Protect Assets?

REVOCABLE LIVING TRUSTS are very commonly utilized estate

planning tools

Page 16: Does a Revocable Living Trust Protect Assets?

Many people think that you are surrendering personal control of

assets when you convey them into any trust

Page 17: Does a Revocable Living Trust Protect Assets?

The assumption is that they would be PROTECTED FROM ATTACHMENT

Page 18: Does a Revocable Living Trust Protect Assets?

A Costly Misconception

Page 19: Does a Revocable Living Trust Protect Assets?

If you think that you will be protecting assets by conveying them into a revocable living trust YOU ARE

MISTAKEN

Page 20: Does a Revocable Living Trust Protect Assets?

Assets placed into a revocable living

trust ARE NOT PROTECTED

Page 21: Does a Revocable Living Trust Protect Assets?

This is because it is a revocable trust

Page 22: Does a Revocable Living Trust Protect Assets?

You retain control of the assets, and you can revoke the trust

Page 23: Does a Revocable Living Trust Protect Assets?

Viable Asset Protection Strategies

Page 24: Does a Revocable Living Trust Protect Assets?

Revocable living trusts don't provide asset protection

Page 25: Does a Revocable Living Trust Protect Assets?

However, there are viable asset protection tools available to you

Page 26: Does a Revocable Living Trust Protect Assets?

1 asset protection trusts

2family limited partnerships

3limited liability companies.

These would include

Page 27: Does a Revocable Living Trust Protect Assets?

Hartford Asset Protection Consultation

If you are interested in exploring your options with regard to asset protection, our firm can help.

We offer free consultations to our neighbors here in the greater Hartford area.

To set up an appointment, contact our firm.

Nirenstein. Horowitz, and Associates (860) 548-1000

PreserveYourEstate.net

Page 28: Does a Revocable Living Trust Protect Assets?

Hartford Asset Protection Consultation

Page 29: Does a Revocable Living Trust Protect Assets?

If you are interested in exploring your options with regard to asset

protection,

OUR FIRM CAN HELP

Page 30: Does a Revocable Living Trust Protect Assets?

Nirenstein & Horowitz(860) 548-1000

www.preserveyourestate.net