Category: Lawsuits and Creditor Risks

Your Bucket List for Estate Planning: Why a Trust Might Be Right for You

By David Edwards on Nov 09, 2010 in Aging Parents, Asset Protection, Business or Farm, Disability, Divorce Risks, Estate Tax, Family Farm, For Your Business, For Your Kids, Grandchildren, Kids' Inheritance, Lawsuits and Creditor Risks, Marriage & Remarriage, Nursing Home, Parents, Tax, Wills and Trusts

A recent movie with Morgan Freeman and Jack Nicholson inspired a lot of people to think about their bucket list – the things they would like to do before they die. While a trip around the world in a sailboat may seem a lot more exciting and glamorous than estate planning, thinking about what you [...]

Bills, Debts and Taxes: Will your debts die with you?

By David Edwards on Oct 13, 2010 in Business or Farm, Death of a Loved One, Estate Tax, For Your Business, Lawsuits and Creditor Risks, Wills and Trusts

So, who pays your debts when you’re gone? Your wife? Your kids? What happens when someone dies, leaving debts and not enough money to pay them? The Good News Here’s the good news: No one else is required to pay your debts, as long as they are not on the debt, too. Your wife, your [...]

Preparing For the School Bus Accident

By David Edwards on Mar 08, 2010 in Asset Protection, Lawsuits and Creditor Risks

If you attend a workshop or meet with me individually, you will probably hear about the “school bus trust”. What is it?

Protecting Your Family Like an NFL Lineman

By David Edwards on Apr 20, 2009 in Asset Protection, Asset Protection Trusts, For Your Kids, Kids' Inheritance, Lawsuits and Creditor Risks, Marriage & Remarriage, Parents

The other day I had a chance to speak at the Rotary Club. My topic, like the article “How (and Why) Athletes Go Broke” in the latest issue of Sports Illustrated, was about protecting the money you’ve worked so hard for. There are many ways your spouse, children or grandchildren could end up losing what [...]