You can have more than $250,000 at one insured bank or savings association and still be fully insured provided the accounts meet certain requirements. For instance, if you have a joint account then each person listed on the account can have $250,000. This is where living revocable trusts fit in. A living revocable trust account at an FDIC insured bank can have more than $250,000 as long as it has more than one beneficiary.
Question: How do I protect the assets from lawsuits, bankruptcy and the courts? -D.O., Maryland It is best to get your asset protection take care of well before you get sued, go bankrupt, or have some other type of trouble. Which instruments you use depends of the
It is best to get your asset protection take care of well before you get sued, go bankrupt, or have some other type of trouble. Which instruments you use depends of the asset you are trying to protect. Your business should be held in an entity, your h…
I have tried really hard to stay out of the political battles, but I need to weigh in on this one. The trillion dollar tax increase President Obama wants, on top of the half trillion tax increase imposed in the health care bill will sink our economy.
