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Preserve wealth for yourself and your heirs using asset protection strategies

BY IN Tax Blog On 04-01-2018





If you wish to protect your assets while retaining some control over them, consider an irrevocable trust. Transferring assets to such a trust generally places them beyond your creditors’ reach. And by including a “spendthrift” provision, you can also protect the assets against claims by your beneficiaries’ creditors. A spendthrift provision prohibits your beneficiaries from selling or assigning their interests in the trust, either voluntarily or involuntarily. Contact us to learn about other asset protection techniques.


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