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Divorce+Trusts? Insulating Assets from Lawsuits; 5 Key Steps for Physicians; Estate Administration

March 17, 2015

Filed under: Estate Planning — Neel Shah @ 2:25 pm

Hear Neel Shah, Managing Attorney of the Law Firm of Shah & Associates, P.C. describe the highlights of this weekly Blog Posts. For the full post, visit: http://lawesq.net/blog/

Should Divorce Planning Be Included in Trusts?
Trust planning can be complex, which is why it should always be handled by an experienced estate lawyer. Depending on the type of trust you choose, there are many benefits you can reap from choosing this kind of tool. More and more, however, individuals are considering putting verbiage inside their trusts to have a spouse removed in the event of a divorce..For More Detailshttp://lawesq.net/blog/2015/03/should……uded-in-trusts/

Insulating Your Assets Against Lawsuits: Getting Started
Lance Armstrong has done it- insulated his assets from being totally exposed to creditors. But there are reasons that other people outside of public figures should considering doing the same. While it’s very difficult to imagine all of your money being entirely protected from creditors, there are steps you can take to protect yourself with business planning and estate planning. For more detailshttp://lawesq.net/blog/2015/03/insula……etting-started/

Five Key Steps For Physicians to Reduce Estate Taxes and Protect Heirs
These days, physicians have a lot to worry about as they grow their assets. Many, after years of residency, are plunged into a higher income bracket, but this can come with risks. Litigation, for example, can expose all those new assets of a physician to serious risk. That’s why it’s so important to take steps early to protect your assets and engage in regular review as your wealth grows. For More Detailshttp://lawesq.net/blog/2015/03/five-k……-protect-heirs/

What Are the Steps Involved in Administering an Estate?
It’s important to recognize that after a loved one passes away, no more estate planning can be done, even if you believe that the current plan is flawed. If you’re a party to administering the estate, you have to get to work pretty quickly to accomplish the tasks likely in front of you. For More Detailshttp://lawesq.net/blog/2015/03/why-pe……state-planning/

Often Forgotten: Tangible Personal Property in Estate Planning
Most people would consider these items, also referenced as “belongings” to be important or of sentimental value, but they often get overlooked in the estate planning process. These items can be furniture, clothing, jewelry, silverware, cars, boats, pieces of art, or household furnishings. Even those these items tend to be left out of estate planning, it’s also quite common for heirs to fight over them.http://lawesq.net/blog/2015/03/often-……state-planning/

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