Protecting Your Assets in Yamily: Beneficiaries / Heirs
Asset Protection for Beneficiaries (Heirs)
In conclusion, the Ultra Trust™, the top irrevocable trust, is the repositioning of your assets from yourself to the Ultra Trust for the benefit of you, your wife, your children, your grandchildren, all beneficiaries that you select (i.e. asset protection). The purpose of removing your name, your ownership name, for the asset, like leasing the car, you don't own the car, you lease the car, but you get to use the car, is so that marketing companies are not going to be able to track what you own, or information about you and your wealth. The insurance man, the window guy, all those guys, they're not going to call you to interrupt your dinner because they buy the list from the marketing companies. If you own assets, they are going to be calling. Well, you don't own any assets – you are asset protected. They can't figure out who owns the assets. The lawyer is not going to sue you on a contingency basis. You don't own any assets, therefore, the likelihood that he's going to sue you, and even if he does, the end result is, he may win the case, but he can't collect. He's not going to take a contingency case like that.
- Part 1 - UltraTrust™ Asset Protection
- Part 2 - Reposition Assets Taxes Probate
- Part 3 - Medicaid: 5-year look back
About the Ultra Trust®:
- Part 1 - Estate Street Partners
- Part 2 - What is the Ultra Trust®?
- Part 3 - What is a Trust?
- Part 4 - Asset Protection Plan
- Part 5 - Asset Protection Eligible Assets
- Part 7 - What is Probate?
- Part 8 - What is Estate Tax?
- Part 9 - Medicaid Spend Down Rules
- Part 10 - What is the Ultra Trust®?
- Part 11 - Irrevocable Trust Benefits
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