will a revocable living trust provide asset protection?

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WILL A REVOCABLE LIVING TRUST PROVIDE ASSET PROTECTION?

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When you are financially successful, you should protect your assets for your own purposes. Find out how you protect the resources that you intend to leave behind to your loved ones after you pass away in this presentation. http://www.wealth-counselors.com/estate_planning/index.php/living-trusts/

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Page 1: Will a Revocable Living Trust Provide Asset Protection?

WILL A REVOCABLE LIVING TRUST PROVIDEASSET PROTECTION?

Page 2: Will a Revocable Living Trust Provide Asset Protection?

PROTECTING ASSETS

Page 3: Will a Revocable Living Trust Provide Asset Protection?

When you are financially successful, you should protect

your assets for your own purposes

Page 4: Will a Revocable Living Trust Provide Asset Protection?

It is also important to protect the

resources that you intend to leave behind to your

loved ones after you pass away

Page 5: Will a Revocable Living Trust Provide Asset Protection?

WHY WOULD YOU NEED TO PROTECT

ASSETS?

Page 6: Will a Revocable Living Trust Provide Asset Protection?

You may wonder why you would need to protect assets

Page 7: Will a Revocable Living Trust Provide Asset Protection?

Anyone can be the target of a lawsuit, divorce proceedings could come into play as well

Page 8: Will a Revocable Living Trust Provide Asset Protection?

In a real sense, everyone with assets should protect

them

Page 9: Will a Revocable Living Trust Provide Asset Protection?

However, it is a pressing concern for some people

Page 10: Will a Revocable Living Trust Provide Asset Protection?

SUCCESSFUL PEOPLE TARGETED

Page 11: Will a Revocable Living Trust Provide Asset Protection?

People who have been especially successful are more attractive targets for litigious

types

Page 12: Will a Revocable Living Trust Provide Asset Protection?

Those who are in certain lucrative lines of work are inherently vulnerable to

lawsuits

Page 13: Will a Revocable Living Trust Provide Asset Protection?

These would include real estate investors, physicians, and

other professional practitioners

Page 14: Will a Revocable Living Trust Provide Asset Protection?

WILL A REVOCABLE LIVING TRUST

PROTECT MY ASSETS?

Page 15: Will a Revocable Living Trust Provide Asset Protection?

REVOCABLE LIVING TRUSTS are very popular in the field of estate

planning

Page 16: Will a Revocable Living Trust Provide Asset Protection?

The primary purpose of a revocable living trust is to facilitate asset transfers

outside of probate

Page 17: Will a Revocable Living Trust Provide Asset Protection?

While they are useful for probate avoidance, revocable

living trusts do not provide asset

protection

Page 18: Will a Revocable Living Trust Provide Asset Protection?

WILL ANY TRUST PROVIDE ASSET PROTECTION?

Page 19: Will a Revocable Living Trust Provide Asset Protection?

Revocable living trusts are just that, REVOCABLE

Page 20: Will a Revocable Living Trust Provide Asset Protection?

You can dissolve the trust and use the money as you

see fit

Page 21: Will a Revocable Living Trust Provide Asset Protection?

The grantor of the trust RETAINS CONTROL

Page 22: Will a Revocable Living Trust Provide Asset Protection?

On the other hand, you surrender this control when you create an IRREVOCABLE

TRUST

Page 23: Will a Revocable Living Trust Provide Asset Protection?

As a result, generally speaking assets that have

been conveyed into an irrevocable trust are

protected

Page 24: Will a Revocable Living Trust Provide Asset Protection?

OTHER ASSET PROTECTION

POSSIBILITIES

Page 25: Will a Revocable Living Trust Provide Asset Protection?

Certain types of irrevocable trusts are used to protect

assets

Page 26: Will a Revocable Living Trust Provide Asset Protection?

However, there are other possibilities

Page 27: Will a Revocable Living Trust Provide Asset Protection?

Limited liability companies and family limited partnerships are also used for asset protection

purposes

Page 28: Will a Revocable Living Trust Provide Asset Protection?

RENO ASSET PROTECTION LAWYERS

Page 29: Will a Revocable Living Trust Provide Asset Protection?

This presentation should have answered basic

questions about revocable living trusts

and asset protection

Page 30: Will a Revocable Living Trust Provide Asset Protection?

If you want to discuss asset protection with a licensed professional, contact our firm to schedule a free

consultation

Page 31: Will a Revocable Living Trust Provide Asset Protection?

If you live in northern Nevada give us a call at 775-823-WILL to make an appointment

Page 32: Will a Revocable Living Trust Provide Asset Protection?

Or visit our website www.wealth-counselors.com