Trusts for children

Most Common Types of Trusts for Children

Posted Posted in Asset Protection Trust, Divorce, Dynasty Trust, Estate Planning, Trust Planning, Trustee, Trusts

When clients meet with an estate planning attorney, one of the biggest concerns that people have is that they do not want their children to receive too much money too early. Accordingly, they want to set up a trust for their children.  This is true even if the children do not have special needs or […]

Asset Protection

Asset Protection Trusts vs. Family Limited Liability Companies

Posted Posted in asset protection, Asset Protection Trust, Family Limited Liability Company, Offshore Trust, Self Settled Spendthrift Trust

Occasionally, people who are interested in asset protection ask me what is more appropriate, a trust or some sort of FLC or FLP. Here is my response: An asset protection trust An asset protection trust is more secure than an FLC, but it is also more costly to maintain (high annual fees for an independent […]