asset protection

Although business owners and those who own commercial property are usually most concerned about asset protection, the truth is you don’t have to own special property to want to protect your assets.  There may be potential legal claims in the future you have to defend against.  If you don’t want to run the risk of losing everything you own as a result of an unexpected situation, you need asset protection.  Irrevocable trusts are one way to accomplish that. Let our Kansas City asset protection … [Read more...] about Can I Protect My Assets With a Trust?

There are various types of trusts that can be used as part of your estate planning strategy.  Domestic Asset Protection Trusts are one of those great options. However, not every state has a statute that recognizes the use of these types of trusts. In fact, only 16 states currently have this law in place. Missouri joined that list in 2005 but Kansas has not. Here is what you need to know about Overland Park asset protection trusts, in particular, Domestic Asset Protection Trusts.What are … [Read more...] about Overland Park Asset Protection Trusts: DAPT

Although business owners and those who own commercial property are usually most concerned about asset protection, the truth is you don’t have to own special property to want to protect your assets.  There may be potential legal claims in the future you have to defend against.  If you don’t want to run the risk of losing everything you own as a result of an unexpected situation, you need asset protection.  One good thing to know is what type of trust protects assets.Understanding the primary … [Read more...] about What Type of Trust Protects Assets?

You may not be thinking about asset protection yet, but regardless of how much wealth you may have accumulated, there are certain asset protection strategies that you should consider. This is particularly true when you are receiving an inheritance, proceeds from a lawsuit, the sale of stocks or securities, or any other circumstance that will potentially increase your wealth. Our Overland Park asset protection lawyers can explain these various strategies to you and help you make a … [Read more...] about Strategies Recommended by Overland Park Asset Protection Lawyers

There are various types of trusts that can be used as part of your estate planning strategy.  Domestic Asset Protection Trusts are one of those great options. However, not every state has a statute that recognizes the use of these types of trusts. In fact, only 16 states currently have this law in place. Missouri joined that list in 2005 but Kansas has not. Our asset protection lawyers can explain these trusts and how they work.What are Domestic Asset Protection Trusts?A Domestic Asset … [Read more...] about Using a Domestic Asset Protection Trust

Most people who are considering the potential need for Medicaid benefits to cover long-term care have the misconception that becoming eligible means giving away all of your property to your family. The unfortunate reality is that there are laws meant to discourage people from doing just that. The rule is that if you transfer any assets within five years of your application for Medicaid benefits, it is likely that your benefits will be delayed for a certain “penalty period.”  The good news is, … [Read more...] about Medicaid Planning Can Protect Your Assets

Springfield will become home to Wonders of Wildlife, an anticipated world-class attraction opening in the busy intersection of Sunshine Street and Campbell Avenue. The attraction will be surrounded by many businesses which, as one developer hopes, will bring a great deal of traffic and business in the area. Another source of heavy traffic is the fishing and hunting mega-store, Bass Pro Shop. When it comes to businesses, it is important for owners to take advantage of the many asset protection … [Read more...] about Wonders of Wildlife to Open in Springfield, Missouri

Although business owners and those who own commercial property are usually most concerned about asset protection, the truth is you don’t have to own special property to want to protect your assets.  You may have to defend against potential legal claims in the future.  If you don’t want to run the risk of losing everything you own as a result of an unexpected situation, you may need asset protection.  Kansas City asset protection trusts are one easy way to accomplish that and our trust … [Read more...] about Why Kansas City Asset Protection Trusts are Useful

The recent flash flooding in Kansas City in late July resulted in swelled creeks and water damage to many buildings in south Kansas City. Luckily there were no serious injuries reported. However, one local business owner returned to assess the damage to her business. This reminds us of the need for asset protection, whether you are a business owner or an individual.Missouri flash flooding leads to water rescuesBoth Cass County and Jackson County in Missouri were under flash flood warnings in … [Read more...] about Local Business Owner Assesses Damage After Flooding