Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
0Activity
0 of .
Results for:
No results containing your search query
P. 1
Legacy Wealth Planning

Legacy Wealth Planning

Ratings: (0)|Views: 1 |Likes:
Published by Bradley Anderson
Learn how to preserve financial wealth in Nevada using various estate planning tools such as Living Trusts, Wills, Powers of Attorney, Irrevocable Trusts, Charitable Giving and others.
Learn how to preserve financial wealth in Nevada using various estate planning tools such as Living Trusts, Wills, Powers of Attorney, Irrevocable Trusts, Charitable Giving and others.

More info:

Categories:Types, Legal forms
Published by: Bradley Anderson on Apr 23, 2014
Copyright:Traditional Copyright: All rights reserved

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

04/23/2014

pdf

text

original

 
 
Legacy Wealth Planning in Nevada www.wealth-counselors.com
1
 
LEGACY 
 
WEALTH
 
PLANNING
 IN
NEVADA
Learn How to Preserve Financial Wealth in Nevada Using Various Estate Planning Tools such as Living Trusts, Wills, Powers of Attorney, Irrevocable Trusts, Charitable Giving and Others 
GERALD M. DORN
 
 
Legacy Wealth Planning in Nevada www.wealth-counselors.com
2
Estate Planning is essential for everyone regardless of economic status. If you have been fortunate enough to establish a strong financial base for you and
your family, it is that much more essential that you plan ahead for your family’s
future. You have the ability to determine ahead of time, exactly how your legacy will be passed on. Otherwise, your family may not benefit from your hard work in the end. The purpose of legacy wealth planning is to allow clients to preserve their financial wealth using various estate planning tools such as living trusts, wills, powers of attorney, irrevocable trusts, charitable giving and others. When these tools are used to create a comprehensive plan for the future, the benefit can be invaluable.
 W 
HAT IS A
L
EGACY
 W 
EALTH PLAN
?
Not only does Legacy Wealth Planning help to preserve your financial wealth, but a comprehensive estate plan will also include a plan for managing your assets in the event you become incapacitated. An estate plan can also designate the person you want to care for your minor children at your death. Most estate plans include a Durable Power of Attorney and a Will. However, there are several other legal instruments that can be used to provide for your heirs after your death. An estate planning attorney will be able to help you create the comprehensive plan that will best fit your situation.
P
ROTECTING YOUR
 A 
SSETS
 
 
 
Legacy Wealth Planning in Nevada www.wealth-counselors.com
3
Before your heirs can receive the property you leave for them, any legal  judgments or debts still remaining at the time of your death will need to be settled and paid from your estate. Therefore, proper asset protection must be a component of your legacy wealth plan. Otherwise, your debts can have serious financial consequences. Asset Protection is simply a way to arrange your assets so that they do not become subject to creditors when you die. The planning process is completely legal. However, it can be tricky and must be done properly. Each state establishes its own estate planning and asset protection laws, which protect creditors from individuals who attempt to avoid  judgments by transferring as
sets into someone else’s name. So, asset
protection must be planned well in advance of any possible threat of judgment.  An estate planning attorney can aid in determining which of your assets may be exempt from creditors. Those that are not exempt can be carefully repositioned by your estate planning attorney, so that they will, nonetheless, be protected from creditors.

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->