Asset Protection Planning: What other asset ... - MS Estate Planning

There are several other techniques available; mostly for the ownership of business assets. ?As discussed in Chapter 14, corporations, limited liability companies, limited partnerships, and business trusts are effective ways to shield the business owner from personal liability. ?As a practical matter, business owners are often called upon to personally guarantee certain business obligations, which would negate the benefit of the business entity. ?Also, as a comprehensive estate plan, the use of irrevocable trusts and qualified personal residence trusts can protect certain assets. ?All of these planning techniques must be coordinated to have maximum effect.

Excerpt from The Complete Guide to Estate and Financial Planning in Turbulent Times (Collaborative Press, 2011) - Walt Dallas, Contributing Author

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Source: http://blog.estateplanning123.com/2012/10/asset-protection-planning-what-other-asset-protection-planning-techniques-are-there.html

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