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Trust Planning & Asset Protection

Roseville, Sacramento Estate Planning Attorney Crafts Trusts to Protect Your Assets

Securing your wealth from liability losses and taxation

Prudent estate planning includes numerous strategies to protect the wealth you’ve acquired from losses due to liability and excessive taxation. Successful individuals are frequently the target of specious lawsuits from plaintiffs looking for deep pockets. They are also subject to high levels of taxation at the state, federal and local level. Sterling Law Group believes in your right to retain and pass on the property you’ve acquired through your hard work. I help clients take advantage of legal strategies that protect wealth from unnecessary loss. Many of those strategies involve the creation of trusts to hold assets and pass them on to heirs. Trusts are very flexible instruments; I can tailor your trusts to meet your goals for asset protection and succession.

The benefits of trusts for asset protection and succession

Trusts are legal entities you create to hold your assets during your lifetime. After your passing, the trust can continue to hold the assets, or disburse them to your beneficiaries. A trust offers protection from lawsuits, creditors and taxes. Effective trusts instruments include:

  • Asset Protection Trust — Irrevocable trusts specifically designed to shelter real estate or savings from creditors. These entities make it difficult, if not impossible for creditors to seize assets, compelling a creditor to settle on favorable terms rather than resorting to expensive litigation.
  • Medicaid Eligibility Trust — Irrevocable trusts, such as income-only trusts, testamentary trusts, and supplemental needs trusts, shelter your home and other assets and provide funds for disabled persons who can then qualify for Medicaid, Social Security Disability and Supplemental Security Income benefits.
  • Qualified Terminal Interest Property (QTIP) trust — A very useful trust for people of means in a second marriage, the QTIP protects the inheritance of the grantor’s children from a first marriage, who might be shut out if assets, such as a home, were passed with no strings attached to a second spouse. A grantor can also use a QTIP to maximize estate tax savings.
  • Life Insurance Trust — A will is rarely the best way to pass monetary assets to an heir. This irrevocable trust is another way to reduce or eliminate estate taxes.

Sterling Law Group also helps clients augment their asset protection by reviewing existing insurance policies and recommending ways to reduce exposure to liability. For self-employed individuals or small business owners, we provide pertinent advice on the advantages of incorporation for securing your assets from claimants and creditors.

Contact a reliable Roseville, Sacramento asset protection & estate planning lawyer to protect your hard-earned wealth

You’ve worked too hard for your property to suffer avoidable losses due to inadequate planning. Let Sterling Law Group in Roseville, Sacramento show you how to keep and pass on more of your wealth. To schedule a consultation in Roseville, Sacramento, call 916-790-9202 or contact my office online.

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Our Offices
  • Roseville Office
    300 Harding Boulevard
    Suite 205
    Roseville, California 95678
    Phone: 916-790-0852
    Fax: 916-760-2701
  • Sacramento Office
    770 L. Street
    Suite 950
    Sacramento, California 95814
    Phone: 916-790-0852
    Fax: 916-760-2701
Roseville, CA
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