advanced life insurance strategies
Copyright (c) 2009 Jeffrey Matsen
IX. Sophisticated methods of asset protection planning
A. Introduction
In the right context and for the customer the right to property sufficient to ensure in-depth planning, planning of more sophisticated steps are available. Keep in mind that it is good practice to split up the risk management process so that not all customers are eggs in one basket.
B. The modular concept
Often it is desirable to plan a program of asset protection that is modular in nature. For example, a domestic trust or asset protection trust offshore can be formed by the patient's parents or family for the benefit of the heirs of the client. The trust then not be a self settled trust and the client would have no interest really in complete confidence. This confidence of control can be the owner of some management entities type (LLC) that can be used to provide management services to other entities protected load. The customer can create a self settled trust, turn bodies to establish the limited load in which to place client assets. The property management entity of the trust would control the manager of these other entities.
C. Private Annuity
In the case circumstances, one of the most effective assets and risk management techniques of planning is the private annuity. In short, a private pension is a legally binding agreement between two parties (neither of which has to be in the business of selling income annuities) under which one party transfers ownership to the other party in exchange for a promise not guarantee to make periodic payments in an amount fixed for the life of the transferor or long the years. The annuity can be considered a sale in which the transferor sells the property to another person or entity known as the debtor in exchange for an unsecured promise of the assignee to make periodic payments to the assignor for the rest of his life. The amount of the pension is calculated on the fair market value of property expressed the hope of life Pensioners and the federal funds rate applicable at the time of sale. The operating income can also be structured to provide the life of the individual and his spouse. A private annuity is something like a purchase, except that instead of specifying an exact number of payments, the debtor agrees to make payments to the assignor for the rest of his life. The annuity payments can begin immediately or be deferred for a period of months or years.
D. Other Techniques
A only be applied under the direction of an experienced and qualified lawyer who works in these areas.
About the Author:
Jeffrey R. Matsen helps his clients structure their business and personal assets in the best way possible to preserve, protect and transfer them in the most efficient and tax saving manner. For further information go to => http://www.wealthstrategiescounsel.com
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