If you live in the U.S. and are unable to work due to an illness or injury (or a combination of illnesses or injuries,) you may qualify for Social Security disability benefits. Before applying for dis(...)
What are some risks involved in using an asset protection trust?
For Wills, Trusts, Probate, Business Planning and Asset Protection, call Haimo Law at (954) 599-7483 or email firstname.lastname@example.org. These videos neither constitute legal advice nor create an attorney-client relationship between you and Haimo Law. For more information, click here: haimolaw.com thelaw.tv Irrevocable trusts are seasoned veterans in the area of asset protection. However, self-settled asset protection trusts (APTs) are relatively new creatures. This is because the essence of asset protection trusts revolve around giving the property away and no longer exercising dominion and control over it. Some states allow for self-settled APTs, like Alaska, Delaware, Nevada, Rhode Island, South Dakota, and Utah. With a domestic self-settled asset protection trust, you irrevocably transfer assets to the trust and name yourself as a beneficiary to receive distributions within the discretion of an independent trustee. You may, however, retain certain rights, including the right to remove and replace the trustee as long as the replacement trustee is also independent and not a related or subordinate party as defined in the Internal Revenue Code (IRC). By retaining a limited power to appoint the trust assets to specific family members at your death, the transfer is incomplete for gift tax purposes and therefore you are not required to file a federal gift tax return. If the trust is designed as incomplete for gift tax purposes, the trust remains part of your estate but the assets ...
State lawyers urged a Washoe County district judge Tuesday to extend a court order preventing the ride-sharing company Uber Technologies from operating without licenses in unfair competition with taxi cabs and others that must ...
The Supreme Court turned away appeals this week that effectively raised the number of states allowing the practice from 19 to 30. On Tuesday, a federal appeals court rejected bans in Idaho and Nevada, which would become the 31st and 32nd states with same-sex marriage if the ruling is not put on hold for the Supreme Court to consider.
A federal appeals court in San Francisco on Tuesday struck down bans on same-sex marriages in Idaho and Nevada, thus establishing a legal precedent that will likely pave the way for same-sex marriages throughout the entire nine-state judicial circuit.
The U.S. Supreme Court has put a temporary hold on same-sex marriage moving forward in Idaho and Nevada. A federal appeals court Tuesday struck down current bans in those two states, and later ordered its ruling to go into effect immediately. Idaho officials then asked the high court to intervene on an emergency basis and […]