Category: Asset Protection Trusts

Pre-nups, Not Just for Divorces Anymore

By David Edwards on Dec 14, 2010 in Asset Protection, Asset Protection Trusts, Divorce Risks, For Your Kids, Funding and Asset Titling, Kids' Inheritance, Marriage & Remarriage, Parents

What does a pre-nup have to do with estate planning? Let me tell you. A pre-nuptial, or pre-marital agreement, outlines how a married couple will handle their assets. It covers more than what happens in a divorce. If we assume the couple will be happily married forever, here are still at least 2 situations that may need planning ahead: [...]

$14 Million Gone In Just 12 Years! What will your kids do with their inheritance?

By David Edwards on Dec 08, 2010 in Asset Protection, Asset Protection Trusts, Grandchildren, Kids' Inheritance, Leave a Legacy, Parents, Wills and Trusts

Check out this stunning article about blown inheritances: Family’s Fall from Affluence is Swift and Hard You might expect a story about blown inheritances to exclusively belong to the twenty-something crowd, but in a recent article from The New York Times we see that it can happen to anyone, no matter their age. Quick money can disappear just as quickly [...]

Living Trusts Typically Do Not Provide Asset Protection

By David Edwards on Mar 08, 2010 in Asset Protection Trusts, Wills and Trusts

I am often asked whether a living trust will protect assets from nursing home costs, lawsuits, or other risks. The general answer is “no.” A living trust is designed to help organize your assets and prepare for a time where you may face a disability or when you pass away. A living trust is under [...]

Wealth Transfer or Wealth Reception – Part #2 – The College Years

By David Edwards on Jul 05, 2009 in Asset Protection, Asset Protection Trusts, Kids' Inheritance, Parents

I went to U of I in Champaign-Urbana. Both undergrad and law school. A lot has changed since I left law school in 1995. Many new buildings, and tuition has gone way up. Do you know how much it will cost now for 4 years of undergrad, including tuition, books, room and board, etc.? Somewhere [...]

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 [...]