Bernie Madoff went to jail, but his wife is still living in the big penthouse. There is still a good possibility she will spend some time in a cell, but it won’t be because she owns lots of assets. Her problem is she was working in the
Limited partnerships and limited liability companies (LLCs) are two of the most powerful asset protection tools an attorney has. Their unique asset protection capabilities are based on the concept of a “charging order.” A charging order protects assets of the limited partnership or limited liability company against
The revocable living trust is a primary estate planning tool for many Americans. It is also known as a living revocable trust, living trust, family trust, inter vivos trust, A-B trust, loving trust and a herd of other names. The trusts are all basically the same document.
Believe it or not, everyone has a will. If you choose not to write your own will, or if the will you write is rejected by the probate court for some reason, the state you live in has written a will for you (called an intestate will).
