Does Revocable Living Trust Provide Asset Protection? - PowerPoint PPT Presentation

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Does Revocable Living Trust Provide Asset Protection?

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In this presentation, you will know if revocable living trust provides asset protection and knowing viable asset protection strategies that can be employed. – PowerPoint PPT presentation

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Title: Does Revocable Living Trust Provide Asset Protection?


1
Does a Revocable Living Trust Provide Asset
Protection?
2
Estate Planning
Objectives
3
There is no one-size-fits-all estate plan,
because different people have different objectives
4
For some, asset protection is a big concern
5
What Is Asset Protection?
6
We live in a litigious society
7
Asset protection strategies are used to keep
assets out of the reach of creditors and litigants
8
These strategies can also be used to keep
assets out of play during divorce proceedings
9
Trusts Asset Protection
10
Some people assume that assets that have been
conveyed into any type of trust would be protected
11
  • THIS IS A FALSE ASSUMPTION

12
Revocable Trusts vs. Irrevocable Trusts

13
There are different types of trusts
14
Some are revocable, and some are irrevocable
15
Generally speaking, assets held in an irrevocable
would be protected
16
Assets that have been conveyed into a revocable
trust are not protected
17
Revocable Living Trusts
18
REVOCABLE LIVING TRUSTS are very commonly
utilized
19
While they are useful, they don't provide asset
protection
20
  • Revocable living trusts are largely used to
    enable probate avoidance

21
Asset Protection
Strategies
22
Though revocable living trusts won't protect
assets there are viable asset protection
strategies that can be employed
23
ASSET PROTECTION CONSULTATION
24
If you would like to discuss asset protection
with a licensed estate planning attorney, contact
our firm to schedule a free consultation
25
Click to visit organizeyourassets.com
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