Asset Protection

Immigrants enter the United States for various reasons and often balance hard work and perseverance to secure financial stability. They might start by working long hours, gradually saving enough to invest in education or a small business. With each paycheck, they carefully plan for the future, not only aiming to build a secure life for ...

UPDATE – January 24, 2025: BOI Reporting Update… the injunction is still in place. As of January 23, 2025, a BOI injunction remains in place. While the Supreme Court granted a stay of the injunction (meaning reporting deadlines are suspended) in the Texas Top Cop Shop case, the nationwide injunction imposed in the Samantha Smith ...

Trusts, in their many forms, provide powerful and versatile ways of estate planning beyond what a simple will can achieve. One unique option for passing on your estate while also securing those assets in the long term is through an asset protection trust. There are domestic APTs and foreign APTs, though New York is not ...

Estate planning is not just about leaving a record that you want your family heirlooms to go to one child and your vehicle to go to another. It can also be about recording your medical wishes in case of incapacitation, reducing your tax liability or helping you qualify for Medicaid when you get older or ...

Congress recently raised the lifetime gift tax exemption from $1 million to $5 million, or $10 million for married couples. This higher exemption amount provides an incentive for some people to give away their money in their lifetimes, rather than waiting until after they are gone. Not only does lifetime giving offer the emotional benefit ...