Estate Street Partners offers advanced financial advice to ensure maximum asset protection from probate costs What’s probate? It’s a big fancy word. Basically, probate is a redistribution of your wealth and assets. The probate process begins on the date that you die. Everything that is in your name has to go to probate. Whether or not you have a will, all your assets go to probate. Each...
Why the Ultra Trust® is one of the best asset protection plans? The trustee must be independent 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....
What is an Estate, How Irrevocable Trusts Affects Elder Care, and Comparisons of Different Asset Protection Tools What’s an Estate? Now I would like to talk to you about what is an estate. An estate is everything that you own on the date of your death. The fair market value of that asset, your stocks, whatever it is worth on the date of your death, or...
