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THE ASSET PROTECTION BLOG

Is a Defect a Good Thing? Intentionally Defective Grantor Trusts in Estate
Planning trusts Nov 15, 2022

The notion that your estate plan contains a defect would not normally be
welcomed as good news. But despite the moniker, an intentionally defective
grantor trust (IDGT) can be an advantageous tool...

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Your Planning Team for Your Next Adventure vacation Nov 08, 2022

When planning your next great travel adventure, you may decide that you can do
it yourself. You know what you and your travel companions want to see and do,
how much you are willing to pay, and the...

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Important Issues to Address Before You Leave on Vacation vacation Nov 01, 2022

Getting ready to embark on your next great adventure? Before you zip up the last
suitcase, here are five issues you need to address to protect yourself and your
loved ones.

 

Do you have a...

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The Pros and Cons of Probate probate Oct 25, 2022

In estate planning circles, the word “probate” often carries a negative
connotation. Indeed, for many people—especially those with valuable accounts and
property—financial...

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Three Tips for Overwhelmed Executors probate Oct 18, 2022

While it is an honor to be named as a trusted decision maker, also known as an
executor or personal representative, in a person’s will, it can often be a
sobering and daunting responsibility....

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Three Reasons to Avoid Probate probate Oct 11, 2022

When you pass away, your family may need to sign certain documents as part of a
probate process in order to claim their inheritance. This can happen if you own
property (like a house, car, bank...

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Why a Trust Is the Best Option to Avoid Probate probate trusts Oct 06, 2022

Ideally, when someone passes away, the paperwork and material concerns
associated with the deceased’s passing are so seamlessly handled (thanks to
excellent preparation) that they fade into...

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Three Celebrity Probate Disasters and Tragic Lessons probate Oct 04, 2022

One would assume that celebrities with extreme wealth would take steps to
protect their estates. But think again: some of the world’s richest and most
famous people enter the pearly gates...

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Handling S Corporation Interests in Estate Planning: Electing Small Business
Trusts and Qualified Subchapter S Trusts asset classification c corporation s
corporation Sep 27, 2022

One of the many challenges of owning a small business is determining the
appropriate tax classification of the business. When an individual owns a
business entity that is classified either entirely...

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Top 4 Estate Planning Questions to Answer When Using Assisted Reproductive
Technology reproductive technology Sep 20, 2022

Welcoming a child into the family is a major milestone in every parent’s life,
especially if you have utilized assisted reproductive technology (ART). With
this blessing comes the need for...

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Assisted Reproductive Technology and the Real Impact on Estate Planning
reproductive technology Sep 06, 2022

According to data provided by the Centers for Disease Control and Prevention
(CDC), approximately 2 percent of all infants born in the United States (83,946
in 2019) were conceived using assisted...

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Right of Occupancy Trust: A Trust to Protect Your Home and Your Loved Ones
trusts Aug 02, 2022

Estate planning is about protecting you and your loved ones. Sometimes this can
be a difficult endeavor when there is a loved one who may require additional
support at your death. While you may...

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Scherrie L. Prince

Scherrie L. Prince, JD, MBA, is an asset protection coach that specializes in
real estate, probate, wills, trusts and estate matters. Scherrie’s podcast, the
Play Big Faster Podcast, discusses how to combat practical issues that arise
during your daily activities from a legal, financial and practical perspective.

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