lifetime asset protection trust — Timothy J. Scott's Blog — Law Office of Timothy J. Scott

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Posts tagged lifetime asset protection trust

The SECURE Act’s Impact On Estate and Retirement Planning—Part 2

Strategies for maximizing your retirement account’s potential for growth, while minimizing tax liabilities and other risks that could arise in light of the legislation’s legal changes.

Timothy ScottJanuary 25, 2020ira, ira trust, roth ira, retirement, retirement account, life insurance, assets, asset protection, lifetime asset protection trust, estate plan, estate planning, taxes, tax planning, tax savings, SECURE Act

The SECURE Act’s Impact on Estate and Retirement Planning—Part 1

The changes ushered in by the SECURE Act have dramatic implications for both your retirement and estate planning strategies—and not all of them are positive.

Timothy ScottJanuary 18, 2020ira, ira trust, roth ira, conduit trust, accumulation trust, retirement, retirement account, assets, asset protection, lifetime asset protection trust, trust, planning, tax planning

Safeguard Your Children’s Inheritance with a Lifetime Asset Protection Trust

When Eric left water running unattended, the resulting flood caused over $400,000 in damage. Any inheritance he might have received before this accident could have been taken from him to pay for that damage. However, if Eric had received an inheritance in a Lifetime Asset Protection Trust, instead of an outright distribution, his inheritance would be completely protected from such a lawsuit—and just about any other threat imaginable.

Timothy ScottAugust 10, 2019assets, asset protection, liability, estate plan, trust, legacy, lifetime asset protection trust, law suits, lawsuit, divorce, creditors, debt, trustee