The Law Office of Tawnya Gilreath Business Law, Estate Planning & Asset Protection Attorney in North Hollywood, California
Although leaving your hard-earned assets outright to your children, grandchildren, or other beneficiaries after you die may seem like the easiest and most desired form of distribution, this scheme will make their inheritance easy prey for creditors, predators, and divorcing spouses. Instead, consider using discretionary trusts for the benefit of each of your beneficiaries. Read More
Most people don’t know the law has changed: inherited retirement accounts no longer have asset protection, meaning they can be seized by strangers. Fortunately, retirement account protection still exists by using Standalone Retirement Trusts. Read More
A special trust called a “Standalone Retirement Trust” (SRT) can protect inherited assets from your beneficiaries’ creditors. Spouses can use SRT to shield one or the other from creditors, SRT will provide oversight and instruction on how much beneficiaries receive and when, SRT can protect beneficiaries from creditors, SRT can avoid disqualification on need-based government assistance programs and you can also avoid disinheritance of children after remarriage. Read More