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ASSET PROTECTION DO IT YOURSELF The Revocable Living Trust Use this strategy to protect your Estate from the financial and emotional ravages of probate and eliminate Estate and Inheritance Tax. If you only have a Will, you are subjecting your estate to probate (average of two years and court costs, attorney fees, appraisal fees, and, and, etc.) and total costs ranging from a low of 7-11% and up as high as 70% of the estate value. The Family Limited Partnership Includes important language to both provide insulation from judgments in lawsuits and pass your estate to your children free from inheritance taxes. The language in this document makes it worth thousands. And when you strategically combine it with the trust and corporation, it is priceless. Hold your assets here, use as many of these as you have categories of assets you want to protect. The Corporation How to properly set up and maintain, is the veil you need to operate your business. Properly maintained, any suit against your business (as opposed to personal suits) will stop at the corporation. The language in these corporation documents is different than anything you may have ever used before—unique wording makes it a true asset protection strategy. Includes sample real estate and equipment leases. NEXT
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