by Howard C. Stross | Oct 26, 2022 | Asset Protection, Business Law, LLC, Real Estate, Small Business
To avoid probate with a trust-based estate plan, ownership of real estate must be transferred so it is an asset of the trust. In asset protection planning, ownership of real estate might be transferred to a legal entity such as a limited liability company (LLC)....
by Howard C. Stross | Jan 5, 2022 | Asset Protection, Estate Planning, Probate, Real Estate
Family dynamics can change drastically when a parent passes away. If a surviving spouse remarries, the question of what happens to the family home can make the dynamic among the children and the new spouse complicated. As a part of the estate plan, setting up a trust...
by Howard C. Stross | Jul 25, 2020 | Asset Protection, Business Law, LLC, Small Business
Going into business for yourself for many Americans is a lifelong dream, although it is not without risk. From investing in goods and services and hiring employees to simply carrying out the daily tasks related to your business, each step has risks. This is especially...
by Howard C. Stross | Jun 29, 2020 | Asset Protection, Estate Planning, Trust Administration
Increasing Longevity and Its Effect on Estate Planning and Retirement Planning In the 1970s, Logan’s Run debuted; it was a movie showing a solution to a society’s problems with overcrowding was to end each person’s life at 30 years of age. Not only is this world not...
by Howard C. Stross | Jun 3, 2020 | Asset Protection, Estate Planning
One of the first estate planning clients I advised was a man with a comic book collection appraised at $44,000. Decades later, I wonder about the current value of his collection. Ever since that first client, I have observed mistakes people make in planning for their...
by Howard C. Stross | Mar 16, 2020 | Asset Protection, Finance
The SECURE Act, which changes the law applicable to retirement accounts, became effective on January 1, 2020. The SECURE Act increases the age for required minimum distributions from retirement accounts from 70 ½ to 72 years of age (for those born on July, 1, 1949, or...
