Category: Asset Protection


Why Does Business Succession Planning Matter for Company Owners?

Why Does Business Succession Planning Matter for Company Owners? Business succession planning refers to a conversation and set of strategies around the financial and logistical decisions about who will take over your company at the time you pass away, suffer a disability, or retire. No matter how your exit from the company comes about, it’s

  • Clifford M. Cohen,
  •   Asset Protection
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Are Your Retirement Plans SECURE Friendly?

Are Your Retirement Plans SECURE Friendly? Did you previously sit down with an attorney to discuss your retirement plans and the most effective strategies for passing these on to your loved ones? Given updates in new federal laws known as the SECURE Act (Setting Every Community Up for Retirement Enhancement Act), that could significantly impact

Roth IRAs Are Surprisingly Flexible Retirement Planning Tools

Roth IRAs Are Surprisingly Flexible Retirement Planning Tools Many investors wonder whether they should put retirement savings into a traditional IRA or a Roth IRA. The following facts about Roth IRAs may surprise you and influence your decision. Can Roth IRA Contributions be Used in an Emergency? The goal of an IRA, of course, is

  • Clifford M. Cohen,
  •   Asset Protection, IRA
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Estate Planning and Asset Protection for Retirement Accounts

For many estate planning clients, their retirement account represents the majority of their wealth.  Typically these accounts are held in “tax qualified plans” such as a 401(k), or an IRA.  Because they are not subject to income tax until withdrawn — typically at age 70 1/2 — they provide the ability to accumulate large amounts of wealth during one’s lifetime.  In addition,

Estate Planning Challenges Faced by Non-Citizen US Residents

Generally, if you are domiciled in the United States (US) at death, your estate is subject to US estate taxes. The determination of domicile is subjective. If you are a permanent resident, however, and have a green card, you will undoubtedly be considered domiciled in the US.  But does that mean that you are treated the same as a

Saving Assets for Your Children Using the Medicaid Asset Protection Trust

Many people still believe that Medicare will cover all of their healthcare needs after the age of 65. Although Medicare covers much of one’s general health care, if you need to move into a nursing home, only a portion of the first ninety days of your stay will be covered.  So how do you pay

  • Clifford M. Cohen,
  •   Asset Protection
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