Risk Management & Asset Protection - Nicholls State University
Risk Management & Asset Protection - Nicholls State University
Risk Management & Asset Protection - Nicholls State University
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PART IV: Estate Planning& Creditor <strong>Protection</strong>‣ Living Trusts:- Decedent’s half (B-C) Irrevocable at 1 st Death & protected- Most living trusts distribute assets to heirs upon the heirattaining certain ages (for example: a third at age 30, halfof what’s left at 35, balance at 40)- This is inefficient for the purpose of protecting heirs frompotential divorcing spouses or judgment creditors- It is also inefficient for the purpose of protecting assetsfrom estate taxation for future generations
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