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Additional Asset Protection Strategies
Retirement Plans401K's and pension plans set up under Federal law (ERISA) are usually protected, however, IRA's are usually only protected under state laws and those laws vary widely. Part of our strategy is to move the unprotected portion to a fully protected strategy using pension plans and custodial accounts. Be careful, plan early. These is your retirement estate planning management is at stake. Marital AgreementsPre-nuptial agreements are quite common today. However, a growing number of people are finding that a post-nuptial agreement can work just as well. A post-nup, like a pre-nup is intended to protect the financial interests of both spouses in the event of a divorce or death -most often when one partner has substantially more assets than the other. The asset protection attributes of the postnuptial agreement is that we can place all of the valuable cash and equity-rich assets with the least lawsuit-prone spouse, while including a clause in the agreement that states that in case of a divorce, all assets are divided in a reasonable manner. BankruptcyIt is not a stigma, nor should you feel guilty, if at some point in your life, you find that you must avail yourself of the U.S. bankruptcy laws. They are intended to protect individuals from creditors. Many very bright and successful people have utilized this option. Very often, finding yourself in need of bankruptcy protection is a result of conditions outside your control. All forms of Bankruptcy are intended to give people a fresh start. If you need a fresh start, we can help.
18 Truman ~ Irvine, CA 92620 Phone (949) 262-1100 ~ Fax (949) 262-1202
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