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...
Ultra Trust®: Asset Protection, Reposition Assets, Taxes, Probate Eligible Assets I want to talk to you about what kinds of assets can be repositioned from you, to the irrevocable trust. Your personal residence, your vacation spot, your life insurance policy, and by the way, your insurance policy, if there is any incident of ownership in your name, then it’s taxable. The Ultra Trust will own the insurance...
Introduction to Trusts and why Asset Protection is so important Rocco Beatrice gives an introduction to irrevocable trusts and an explanation of how they protect their owners. The article goes into additional benefits of revocable and irrevocable trusts including what is needed to set a one up. Hello, my name is Rocco Beatrice. I am the Managing Director for Estate Street Partners. We provide financial solutions...
