A trust separates ownership from beneficial enjoyment. Protection occurs with a simple theory, what you don’t own cannot be taken from you. A trust splits the title of ownership from the beneficiary with a deed. It is also possible to create a trust that will pass assets from generation to generation and minimize estate taxes.
LLC’s or Family LLC’s are methods that also may be used. It is important to know that some methods allow attachment without the loss of the benefits. Understanding trusts and company entities will help a person make a decision as how to best protect their assets. Personal property and cash are among the easiest assets for a creditor or litigator to take.
Please review this Charging Order and LLC’s video for more information
Whatever method you chose, a qualified expert should be consulted. If you need help with this process, please call us today 1-888-435-6030.