Added for You
Hubs | Hubbers | Topics | Request
#1 in Business Subscribe Email Print

You are here: Home > Finance > Estate Plan Trusts > A Wealth Preservation Trust for Asset Protection

Tags
  • which
  • rockefeller
  • daughter
  • taxable estate
  • assets inside
  • death benefit
    		•

    Links
  • Losing Your Virginity ??“ A Girl's Guide To The First Time
  • Can You Sell Your Own Home?
  • Online Dating: 10 Critical Mistakes ALL People Make - Including You!
    		•

    Added for You - A Wealth Preservation Trust for Asset Protection

    Forex Trading Strategies: Intraday Trading The Forex Market - How and Why?
    The Spot FX market or "Forex" used to be limited to banks and long term investors, plus those who had masses of capital money. Trading would take place via a guy shouting what what going on on the trading floors or a "voice broker" which has gradually been replaced by automated computerised systems.It is now actually possible for the retail investor or "home office based trader" to trade real time with the banks through the environment of a broker using computerised trading platforms which may have live desk traders placing trades either in the brokers books (95% of traders lose money so it's in their interests not to trade for real), or for real - for the winners.A forex trading strategy must usually comprise of two main components - technical analysis and fundamental analysis. The technical side is looking at the charts and using mathematics to reflect the movement of the market and the fundamental
    two types of assets: (1) ‘X’ percent of your family Limited Liability Limited Partnership (‘LLLP’ or ‘Triple LP’); and (2) life insurance on the grantor(s). That’s it, nothing more. You would be the (managing) General Partner of the Family Limited Partnership, and you would be the insured(s) on any life insurance coverage owned by the trust. As the ‘managing’ General Partner of the Triple LP, you’ve have 100% effective control over investments and the companies owned inside even if your ownership as a partner were only one percent (1%). You would still have control because you are the managing Partner. The limited partner would be your Wealth Preservation Trust -- owning 99% if you like.

    ASSET PROTECTION FEATURES.

    7 Ways to Optimize Your Site for the Search Engines
    Would you love to know the secrets of search engine optimisation? Here’s a seven step guide to improving your ranking in the search engines.Make sure you do research on your keywords using Overture and Wordtracker. Once you have your list of keywords, then you are ready to optimise your website. I say keywords as, with increasing competition on the internet, you are more likely to have success with keyword phrases or a group of keywords, than with just one keyword.There are just seven easy steps:- Name your site appropriately – if your site is about dog food, then include the words “dog food” in the site titleEnsure that your keywords are included in the page nameAdd a Header tag using H1 tagsUse your keyword in the first line & last line of your contentAdd an Alt Tag to your pictures which includes a desc
    “Americans”, it is sometimes said,”like to have their cake and eat it too”. If you've worked hard to create financial security for yourself and those you love, it is difficult to sometimes grasp a concept that is familiar more to Europeans than it is to us. The concept is that you can form an irrevocable trust for the benefit solely of our loved ones, choosing a third party (friend or relative) as trustee and from which you personally receive no benefit other than the pleasure of providing for the comfort and financial security of those you love.

    WHAT IS A 'WEALTH PRESERVATION TRUST'?

    The Wealth Preservation Trust (the ‘WPT’) is a trust established not for you but for your loved ones. You decide whom you wish to benefit. You decide that you want them to be secure financially no matter what happens to you. You select the ‘trustee’(s) who will see to it that your instructions are followed. Then property you select is transferred from you to the trustee to be held exclusively for the loved ones named as the trust's beneficiaries.

    In a Life Insurance Trust, the only property owned by the trust is the life insurance coverage. You are the ‘Grantor’ (the person who establishes the trust) and usually the ‘Insured’ person but you’re not a ‘Beneficiary’ (a person who receives the benefit of the trust). With a life insurance trust, once the insured dies, the death benefit of the policy pays off and the trustee distributes the money – tax-free ‘outside’ the ‘Taxable Estate’ of the insured. Once that is done, the life insurance trust comes to an end and then terminates.

    By contrast, with a Wealth Preservation Trust, instead of owning only life insurance policies, the trust is allowed to own that plus almost every kind of property there is–from investments to real estate to limited partnerships and much more. The first key to the Wealth Preservation Trust is that because it is ‘irrevocable’ whatever is inside of it is no longer yours. The second key is that it must be established while your legal seas are still calm and there are no lawsuits on the horizon.

    That is why a lawsuit adversary of yours cannot take the assets of the Wealth Preservation Trust away from the trust or your loved ones. And there is where the ‘magic’ begins. “Ownership versus Control” is part of the formula that makes it work. John D. Rockefeller is credited with saying “It is better to Own Nothing but Control Everything” – and that is the key to asset protection features of the Wealth Preservation Trust. That is why the assets inside the WPT cannot be taken away in a lawsuit or a divorce, because you don’t own them. The trustee – whom you select– is not you. And the beneficiaries you select are not you either. You are only the ‘grantor’ or ‘donor’.

    But how do you set up such a trust and give life to it without impoverishing yourself? Simple. Have the trust basically own two types of assets: (1) ‘X’ percent of your family Limited Liability Limited Partnership (‘LLLP’ or ‘Triple LP’); and (2) life insurance on the grantor(s). That’s it, nothing more. You would be the (managing) General Partner of the Family Limited Partnership, and you would be the insured(s) on any life insurance coverage owned by the trust. As the ‘managing’ General Partner of the Triple LP, you’ve have 100% effective control over investments and the companies owned inside even if your ownership as a partner were only one percent (1%). You would still have control because you are the managing Partner. The limited partner would be your Wealth Preservation Trust -- owning 99% if you like.

    ASSET PROTECTION FEATURES.

    Corporate Party Games - Livening Up Your Next Work Function
    At any corporate party, games are great for two reasons – they allow workmates to bond and have fun together, and they are an ice-breaker for people who may not know each other. Here are 2 corporate party games to play at your next corporate party:"The Gift Game" Corporate Party GameThis is one of the simplest corporate party games, but is still loads of fun. Prior to the event, purchase and wrap 10 cheap gift items for the game. Before guests arrive, hide 10 coins in and around where the party is being held. Guests have to search for the coins, and the people who find them can exchange their coin for one of the gifts, as long as they don’t open them yet. All the partygoers stand or sit in a circle, with one person reading a made-up story containing the words “left” and “right” many times. Every time the word “right” is mentioned, guests have to pass their gifts to the right, and the same with
    ish to benefit. You decide that you want them to be secure financially no matter what happens to you. You select the ‘trustee’(s) who will see to it that your instructions are followed. Then property you select is transferred from you to the trustee to be held exclusively for the loved ones named as the trust's beneficiaries.

    In a Life Insurance Trust, the only property owned by the trust is the life insurance coverage. You are the ‘Grantor’ (the person who establishes the trust) and usually the ‘Insured’ person but you’re not a ‘Beneficiary’ (a person who receives the benefit of the trust). With a life insurance trust, once the insured dies, the death benefit of the policy pays off and the trustee distributes the money – tax-free ‘outside’ the ‘Taxable Estate’ of the insured. Once that is done, the life insurance trust comes to an end and then terminates.

    By contrast, with a Wealth Preservation Trust, instead of owning only life insurance policies, the trust is allowed to own that plus almost every kind of property there is–from investments to real estate to limited partnerships and much more. The first key to the Wealth Preservation Trust is that because it is ‘irrevocable’ whatever is inside of it is no longer yours. The second key is that it must be established while your legal seas are still calm and there are no lawsuits on the horizon.

    That is why a lawsuit adversary of yours cannot take the assets of the Wealth Preservation Trust away from the trust or your loved ones. And there is where the ‘magic’ begins. “Ownership versus Control” is part of the formula that makes it work. John D. Rockefeller is credited with saying “It is better to Own Nothing but Control Everything” – and that is the key to asset protection features of the Wealth Preservation Trust. That is why the assets inside the WPT cannot be taken away in a lawsuit or a divorce, because you don’t own them. The trustee – whom you select– is not you. And the beneficiaries you select are not you either. You are only the ‘grantor’ or ‘donor’.

    But how do you set up such a trust and give life to it without impoverishing yourself? Simple. Have the trust basically own two types of assets: (1) ‘X’ percent of your family Limited Liability Limited Partnership (‘LLLP’ or ‘Triple LP’); and (2) life insurance on the grantor(s). That’s it, nothing more. You would be the (managing) General Partner of the Family Limited Partnership, and you would be the insured(s) on any life insurance coverage owned by the trust. As the ‘managing’ General Partner of the Triple LP, you’ve have 100% effective control over investments and the companies owned inside even if your ownership as a partner were only one percent (1%). You would still have control because you are the managing Partner. The limited partner would be your Wealth Preservation Trust -- owning 99% if you like.

    ASSET PROTECTION FEATURES.

    Key's To Success On The Web-It All Starts With Great Web Design
    1. Outstanding Design 2. Remarkable Content 3. Maximum TrafficProfessional web design for any type of business is the most important step. Your web site can be the first, and sometimes the only, thing your customers see. Your quality design, layout, and branding, combined with the latest technology, ensure you'll make a positive impression right from the start.State of the art online marketing tools guarantee your customers will find you first. It’s important to provide and produce immediate results that keep you one step ahead of the competition. For help and the best way to get your site optimized and to start your site out right, pull up Google and either search for Web Design or SEO (Search Engine Optimization) grab your first FIRM you find from the organic results and start looking to see what they offer. Ask them if they can market your site and to provide examples or references.side’ the ‘Taxable Estate’ of the insured. Once that is done, the life insurance trust comes to an end and then terminates.

    By contrast, with a Wealth Preservation Trust, instead of owning only life insurance policies, the trust is allowed to own that plus almost every kind of property there is–from investments to real estate to limited partnerships and much more. The first key to the Wealth Preservation Trust is that because it is ‘irrevocable’ whatever is inside of it is no longer yours. The second key is that it must be established while your legal seas are still calm and there are no lawsuits on the horizon.

    That is why a lawsuit adversary of yours cannot take the assets of the Wealth Preservation Trust away from the trust or your loved ones. And there is where the ‘magic’ begins. “Ownership versus Control” is part of the formula that makes it work. John D. Rockefeller is credited with saying “It is better to Own Nothing but Control Everything” – and that is the key to asset protection features of the Wealth Preservation Trust. That is why the assets inside the WPT cannot be taken away in a lawsuit or a divorce, because you don’t own them. The trustee – whom you select– is not you. And the beneficiaries you select are not you either. You are only the ‘grantor’ or ‘donor’.

    But how do you set up such a trust and give life to it without impoverishing yourself? Simple. Have the trust basically own two types of assets: (1) ‘X’ percent of your family Limited Liability Limited Partnership (‘LLLP’ or ‘Triple LP’); and (2) life insurance on the grantor(s). That’s it, nothing more. You would be the (managing) General Partner of the Family Limited Partnership, and you would be the insured(s) on any life insurance coverage owned by the trust. As the ‘managing’ General Partner of the Triple LP, you’ve have 100% effective control over investments and the companies owned inside even if your ownership as a partner were only one percent (1%). You would still have control because you are the managing Partner. The limited partner would be your Wealth Preservation Trust -- owning 99% if you like.

    ASSET PROTECTION FEATURES.

    Debt Consolidation: From Generation X to Generation Broke
    “Never in the field of Human Endeavour has so much been owed by so many” – apologies to the late Sir Winston Churchill.OK folks it’s another bout of Heads Up time again! I have just finished reading an extremely frightening report that even if only partly true should actually go a long way to frighten the pants off most free thinking level headed individuals.The report was the final draft of a study into the dramatic rise in the indebtedness of the average young American. It really was a case of “Generation X has given way to Generation Broke”. As of the date of this article, the outstanding US National Debt was in excess of $8 Trillion and given the estimated population of the US is approximately 300 million that makes that each citizens share of this debt is roughly $28,500!The other really frightening sub plot to this entire catalogue of disasters was that by and large we are all spending me
    e assets of the Wealth Preservation Trust away from the trust or your loved ones. And there is where the ‘magic’ begins. “Ownership versus Control” is part of the formula that makes it work. John D. Rockefeller is credited with saying “It is better to Own Nothing but Control Everything” – and that is the key to asset protection features of the Wealth Preservation Trust. That is why the assets inside the WPT cannot be taken away in a lawsuit or a divorce, because you don’t own them. The trustee – whom you select– is not you. And the beneficiaries you select are not you either. You are only the ‘grantor’ or ‘donor’.

    But how do you set up such a trust and give life to it without impoverishing yourself? Simple. Have the trust basically own two types of assets: (1) ‘X’ percent of your family Limited Liability Limited Partnership (‘LLLP’ or ‘Triple LP’); and (2) life insurance on the grantor(s). That’s it, nothing more. You would be the (managing) General Partner of the Family Limited Partnership, and you would be the insured(s) on any life insurance coverage owned by the trust. As the ‘managing’ General Partner of the Triple LP, you’ve have 100% effective control over investments and the companies owned inside even if your ownership as a partner were only one percent (1%). You would still have control because you are the managing Partner. The limited partner would be your Wealth Preservation Trust -- owning 99% if you like.

    ASSET PROTECTION FEATURES.

    Get The Best Interest Rate on a Debt Consolidation Loan
    In today’s economy lenders must offer low rates to remain competitive. You can save thousands of dollars per year with just a slight difference in your interest rate. Another way to save money is to be sure you get a loan that is right for your situation.There are basically two options for a debt consolidation loan, you may choose secured or unsecured. Most people use their home as collateral for a secured loan. It is becoming more common recently for people to use life insurance policies; this practice has been common in European countries for years. The most common type of secured loan is a home equity loan, but you may wish to completely refinance your mortgage if rates are good.If you use a home equity loan you establish a line of credit to consolidate your debt with. The advantage to this type of loan is you may be able to plan as you are paying off different bills. This gives you the advantage o
    two types of assets: (1) ‘X’ percent of your family Limited Liability Limited Partnership (‘LLLP’ or ‘Triple LP’); and (2) life insurance on the grantor(s). That’s it, nothing more. You would be the (managing) General Partner of the Family Limited Partnership, and you would be the insured(s) on any life insurance coverage owned by the trust. As the ‘managing’ General Partner of the Triple LP, you’ve have 100% effective control over investments and the companies owned inside even if your ownership as a partner were only one percent (1%). You would still have control because you are the managing Partner. The limited partner would be your Wealth Preservation Trust -- owning 99% if you like.

    ASSET PROTECTION FEATURES.

    Because it’s irrevocable, the Wealth Preservation Trust will hold ‘X’ percent of the Family Limited Partnership plus life insurance coverage on your life – all ‘outside’ your estate and beyond the reach of either the IRS (for Estate Tax purposes) or the reach of your lawsuit adversary. In the USA if the trust had you as a beneficiary as well as the grantor, it would be considered a ‘self-settled trust’ and thus could be pierced by a lawsuit. Since the trust is the for sake of your beneficiaries and not you, it is not a self-settled trust. Thus if it owns 99% (as a limited partner) in a Triple LP that you control, and if it also owns life insurance on your life, a lawsuit adversary (or divorce lawyer) could not pierce it.

    An additional feature reinforces this protection. It is the power of the trustee to make ‘discretionary’ rather than ‘mandatory’ distributions to the beneficiaries. Because of this, there is no ‘mandate’ (overwhelming requirement) and the trustee can sprinkle distributions over the lifetime of the beneficiaries but then can withhold them in the event a beneficiary is going through either a lawsuit or a divorce. Let’s say your daughter was going through a divorce from your future ex-son-in-law and your son was going through a lawsuit. Neither adversary would find success in getting a judge to order a distribution, because they are discretionary as to the trustee and not mandatory.

    HOW WOULD THIS WORK?

    Let’s say that you are both a business owner and a real estate investor. You have a tire store and some rental properties. You have your business inside of a corporation and your investment real estate inside of a limited liability company (an ‘LLC’). In the ideal set-up, the stock of the corporation and the LLC would both owned by your family’s Triple LP. You would be the ‘managing’ general partner of the Triple LP. Your revocable living trust might be the ‘X percent’ limited partner, and your Wealth Preservation Trust could be the ‘Y percent’ limited partner.

    Let’s also assume that one of the customers of your tire store has a blow-out of 2 tires he bought from you while he’s drunk driving at 80 miles per hour through a construction zone over construction nails with his little daughter in the car without a seat belt, and they have a wreck, rolling the car over 6 times before coming to a stop. She’s now a paraplegic for life and he blames you instead of himself. He files a lawsuit against the tire store, the tire manufacturer, and you personally for millions of dollars. Your store has an insurance policy for $500,000 and it provides a lawyer to defend you and the tire store. After assessing the case, the insurance company pays its $500,000 limit into the court and leaves the case.

    The tire company then settles and folds its cards, leaving you as the ‘last person standing’. At the end of the day, regardless of how the trial turns out – and regardless of how any out-of-court settlement mig

    HTTP = HTML link (for blogs, profiles,phorums):
    <a href="http://www.added4u.com/article/101357/added4u-A-Wealth-Preservation-Trust-for-Asset-Protection.html">A Wealth Preservation Trust for Asset Protection</a>

    BB link (for phorums):
    [url=http://www.added4u.com/article/101357/added4u-A-Wealth-Preservation-Trust-for-Asset-Protection.html]A Wealth Preservation Trust for Asset Protection[/url]

    Related Articles:

    Minding Your Own Brand - Why Did The Relationship End?

    Each day, customers are leaving relationships with companies at rates that rival the national divorce rate. So what can companies learn from divorcing couples that will help them retain customers?

    Discover How To Find a Genuine Profit Churning Make Money Online Work At Home Opportunity Right Now

    Learn how to find a genuine make money online work at home opportunity simply by following in the footsteps of already successful marketers. Avoid the trial and error trap and start profiting today.

    Why Do You Need Free Content For Your Website

    Without content, websites and perhaps the internet would be a very uninteresting place to visit. This articles examines a source of free content for websites to keep them dynamic and looking fresh.

    Bookmark it: del.icio.us digg.com reddit.com netvouz.com google.com yahoo.com technorati.com furl.net bloglines.com socialdust.com ma.gnolia.com newsvine.com slashdot.org simpy.com shadows.com blinklist.com