{"id":777,"date":"2026-07-10T08:57:30","date_gmt":"2026-07-10T08:57:30","guid":{"rendered":"https:\/\/staging.walstrom.tech\/AssetsProtection\/?page_id=777"},"modified":"2026-07-10T09:13:35","modified_gmt":"2026-07-10T09:13:35","slug":"faqs","status":"publish","type":"page","link":"https:\/\/staging.walstrom.tech\/AssetsProtection\/faqs\/","title":{"rendered":"Faqs"},"content":{"rendered":"\t\t
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(Faq\u2019s) Asset Protection Planning for Business<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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How does asset protection planning differ for a business compared to an individual? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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Regarding safeguarding the assets, businesses have a unique advantage: they can tap into various legal structures designed to shield their wealth in ways individuals can\u2019t. Here\u2019s a breakdown of some options and what makes them stand out:<\/p>

  • Limited Liability Company (LLC):<\/strong>\u00a0Think of an LLC as a hybrid\u2014part partnership, part corporation. It\u2019s a flexible, powerful tool that offers limited liability, meaning your assets stay safe if the business hits trouble. Plus, it comes with something called \u201ccharging order protection,\u201d which limits what creditors can grab. LLCs are recognized everywhere in the U.S., and you\u2019ve got options for how they\u2019re taxed. Even if you\u2019re hands-on managing it, your liability stays limited\u2014a win for business owners.<\/li>
  • Corporations:<\/strong>\u00a0These have deep roots, going back to the founding of the U.S. A Supreme Court ruling in 1886 even granted them \u201ccorporate personhood,\u201d meaning they get many of the same legal protections as people. That\u2019s a big deal! Corporations are a classic choice for holding assets because they keep the owners and officers insulated from personal liability. It\u2019s a tried-and-true way to protect what you\u2019ve built.<\/li>
  • Partnerships:<\/strong>\u00a0These come in two flavors\u2014general and limited. Back in the \u201880s, Family Limited Partnerships sparked a wave of interest in asset protection, laying the groundwork for what we see today. General partnerships? Not much help\u2014they leave you fully exposed. Limited partnerships are better, offering some protection, but they\u2019ve largely been overshadowed by LLCs. Why? In a limited partnership, the general partner\u2019s still on the hook with unlimited liability, while an LLC keeps everyone\u2014managers and members alike\u2014shielded.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t
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    What if I\u2019ve already got a corporation and don\u2019t want to switch things up? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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    No need to overhaul everything\u2014there are still smart, straightforward moves to protect your corporate shares from creditors:<\/p>

    • Set up a\u00a0buy\/sell agreement<\/strong>\u00a0with your fellow shareholders. It\u2019s a simple way to block creditors from snagging your stock by ensuring it stays within the group.<\/li>
    • Consider placing\u00a0liens on your shares<\/strong>\u00a0through a UCC filing\u2014think of it as putting a \u201cdo not touch\u201d sign on them.<\/li>
    • Or, transfer your shares to an\u00a0LLC<\/strong>. This wraps them in charging order protection, adding an extra layer of security without dismantling your current setup.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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      (Faq\u2019s) Special Power of Appointment (SPA) Trust<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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      What is a Special Power of Appointment Trust? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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      A Special Power of Appointment Trust (SPA Trust) is a type of trust designed to protect your assets from creditors. It includes a special clause that prevents anyone\u2014including creditors\u2014from accessing the trust\u2019s assets if you, the person who created the trust (the Settlor), can\u2019t access them yourself.<\/p>

      In simple terms, this type of trust ensures that neither you, your estate, nor your creditors can reach the trust\u2019s assets. Since you\u2019re not listed as the trustee, protector, or beneficiary, creditors can\u2019t get to what you don\u2019t control.<\/p>

      Although you give up direct ownership and control of the assets (what lawyers call \u201cdominion and control\u201d), the trust\u2019s\u00a0Protector<\/em>\u2014a trusted individual of your choosing\u2014can later help restore benefits to you if necessary.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

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      How can I access my assets if they\u2019re in the trust? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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      In most of our trust structures, the trust owns an interest in an LLC, and\u00a0you<\/em>\u00a0manage the LLC. So, as the manager, you retain control over the day-to-day handling of the assets.<\/p>

      We can structure the LLC with voting or non-voting interests depending on what level of control or involvement you want.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

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      Can I get my assets back? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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      Yes, but indirectly. The trust includes a\u00a0Protector<\/em>\u2014someone you trust fully\u2014who has the legal authority to amend the trust and appoint you as a beneficiary in the future. That means if circumstances change, the Protector can give you access to income or assets at a later time.<\/p>

      All it takes is a simple legal document referencing the right section of the trust to make that change.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

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      Is the trust irrevocable? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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      Yes, it is. Once the trust is created, you can\u2019t revoke it. However, you can give powers to others\u2014like the Protector\u2014who can take action that benefits you, including possibly restoring access to assets later.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

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      Can I be listed as a beneficiary? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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      No\u2014not at the start. If you were a beneficiary, it would expose the trust\u2019s assets to creditors. Only a handful of states allow you to be both the grantor and a beneficiary, and even then, it\u2019s risky. The good news? Your Protector can later appoint you as a beneficiary if and when the coast is clear.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

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      Is the trust a public document? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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      No, it\u2019s completely private. It isn\u2019t filed with any government agency, so there\u2019s no public record of it. Even if the trust holds ownership in corporations or LLCs, those filings don\u2019t mention the trust\u2019s name.<\/p>

      Plus, there are no annual filing fees to maintain it.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

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      Are there limits to the types of assets I can put in the trust? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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      You can put almost anything in the trust\u2014except retirement accounts (like IRAs). Most people hold assets through LLCs and then place those LLCs into the trust. This setup lets you maintain control over managing, selling, or distributing the assets while still getting the protection benefits of the trust.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

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      How does this compare to a Domestic Asset Protection Trust (DAPT)? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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      A DAPT lets the person who sets up the trust also be a beneficiary\u2014which might sound convenient, but it comes with risks. In most states, if you\u2019re a beneficiary, the protection from creditors doesn\u2019t hold up.<\/p>

      For example, California doesn\u2019t recognize DAPTs set up in other states like Nevada. So, if you live in California and set up a DAPT in Nevada, California courts can simply ignore it.<\/p>

      On the other hand, a Special Power of Appointment Trust is recognized in all 50 states and is far more durable\u2014especially in creditor-friendly states like California. If you don\u2019t have access to the assets, neither do your creditors.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

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      Will I owe extra taxes because of this trust? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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      Nope. The trust is treated as a \u201cGrantor Trust\u201d for tax purposes, meaning all income, gains, or losses flow through to your personal tax return. Your tax situation doesn\u2019t change.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

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      Can I put my home in the trust? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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      Yes, you can transfer your home directly into the trust or first move it into an LLC, which is then owned by the trust. If you transfer it directly, you\u2019ll likely need to pay rent to the trust since you no longer \u201cown\u201d the property. That helps show that the arrangement is legitimate and at arm\u2019s length.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

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      Do the Trustee and Protector need to live in my state? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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      Nope. They can live anywhere in the U.S. There\u2019s no requirement that they live in the same state as you.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

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      Do creditor attorneys understand these types of trusts? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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      Generally, no. While the concept has been around for a while, it hasn\u2019t been widely used compared to LLCs or Limited Partnerships. Because of that, most creditor attorneys aren\u2019t familiar with the nuances of SPA Trusts\u2014and that works in your favor.<\/p>

      Plus, because these trusts are solidly backed by legal precedent and are recognized nationwide, they\u2019re extremely difficult to challenge or break<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

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      Is there a court case that supports this type of trust? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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      Yes. One key case is\u00a0Wilmington Capital LLC vs. The Big Whale Trust<\/strong>\u00a0(Case No. 12C01113, Superior Court of California, County of Los Angeles \u2013 West District, 2012).<\/p>

      California is notoriously creditor-friendly, so when a trust wins in a case like this, it\u2019s a big deal. This case was dismissed on a\u00a0Demurrer<\/em>, which means the court found there was no legal basis to challenge the trust\u2014further affirming the legal strength of SPA Trusts.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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      (Faq\u2019s) Friendly Lien Preparation<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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      What is a \u201cfriendly lien\u201d? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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      A friendly lien is when a company you control\u2014or someone you trust controls\u2014places a lien on your assets. This is typically done with real estate, but it can also involve business assets using UCC filings.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

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      How does a friendly lien work? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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      There are several ways to set it up, but the usual method involves a company (owned or controlled by you or someone you trust) filing a lien against your property or business assets.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

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      Is this the same method AssetProtection.com uses? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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      Not exactly. We take a more structured and transparent approach. Here\u2019s how we do it:<\/p>

      • We form a brand-new company and fund it with a promissory note.<\/li>
      • In exchange, that company gives you 100% ownership through the note.<\/li>
      • The company then takes collateral for that note\u2014this becomes the lien.<\/li><\/ul>

        This gives the lien a clear business purpose and ensures it\u2019s fully under your control\u2014not in the hands of a stranger.
        We also form the LLC in a state that keeps ownership and management private and allows business-related terms like \u201cfinance\u201d or \u201cloan\u201d in the company name.<\/p>

        And the best part? Since you own and control the lien, you can release it whenever you want\u2014no need to go through us.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

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        Do I have to do anything to maintain the lien? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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        Yes. You need to make payments on the promissory note, which goes to the LLC you own. Typically, the note has deferred or negative amortization terms, and at a minimum, you should make payments at least once a year.<\/p>

        Since you\u2019re essentially paying yourself, you can either leave the money in the LLC for business use or withdraw it. Just make sure you follow through\u2014if you don\u2019t treat it like a legitimate structure, a judge won\u2019t either.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

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        Is it risky to let someone else hold the lien? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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        It depends. If you\u2019ve actually borrowed money from a third party, it makes sense for them to hold the lien. But if someone is offering to set up a lien and control it themselves, be very cautious.<\/p>

        If that third party disappears, you could have a hard time removing the lien. Worse, if they act dishonestly, they could even try to foreclose on your property.<\/p>

        We\u2019ve seen this happen before\u2014a company in Nevada filed thousands of liens and then shut down, leaving clients scrambling. We\u2019ve helped hundreds of people in that exact situation reclaim their property.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

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        Are there tax consequences to using a friendly lien? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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        Usually, no. If you own the LLC placing the lien, then you\u2019re just moving money from one pocket to the other\u2014what\u2019s income to the LLC is a deduction for you. But you should always check with your tax advisor, or have them reach out to us for specifics.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

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        How long does it take to set up a friendly lien? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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        We can typically get everything set up within 7 to 10 business days\u2014sometimes even faster. It mostly depends on how quickly the government processes the filings.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

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        Can I use this strategy for both personal and business assets? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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        Absolutely. We can tailor the setup to match your current business structure. Whether it\u2019s a trust deed on real estate or a UCC filing on business assets, we ensure it\u2019s done in a way that\u2019s both effective and purposeful.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

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        How do I remove the lien if I no longer need it or want to sell the asset? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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        You have options. You can handle it yourself, or we can prepare the release paperwork for you. If you prefer, we can even prepare the release documentation upfront\u2014at the same time as we create the lien\u2014so you\u2019re free to cancel it anytime in the future.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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        (Faq\u2019s) Pre-Inheritance Trust<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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        What is a Pre-Inheritance Trust (PIT)? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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        A Pre-Inheritance Trust is an\u00a0irrevocable<\/em>\u00a0trust that allows you to transfer assets to your beneficiaries while you\u2019re still alive\u2014essentially giving them part of their inheritance early.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

        \n\t\t\t\t\n\t\t\t\t\t
        Do I still own the assets once they\u2019re in the trust? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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        No. Once you move assets into the trust, they are no longer part of your personal estate. The trust legally owns them from that point on.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

        \n\t\t\t\t\n\t\t\t\t\t
        Who pays the taxes on the trust\u2019s income? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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        Typically, the trust is set up as a\u00a0grantor trust<\/em>, which means you\u2019ll continue to pay taxes on any income generated by the trust assets.
        You can also have the trust structured to cover your tax bills directly by allowing distributions for that purpose.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

        \n\t\t\t\t\n\t\t\t\t\t
        How do I transfer assets into the Pre-Inheritance Trust? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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        Assets are moved into the trust by retitling them in the name of the trust. If the trust is set up to own an LLC or another type of entity, then the trust simply becomes the owner of that entity.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

        \n\t\t\t\t\n\t\t\t\t\t
        Is there a limit to how much I can move into the trust? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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        There\u2019s no hard limit, but there are gift tax rules to keep in mind.
        You can transfer up to your lifetime exemption amount (currently around $5.5 million per person) without triggering gift taxes. Your spouse can do the same.
        If you go over that limit, gift taxes may apply.
        You can also gift up to $14,000 per person, per year, tax-free\u2014and that annual gifting rule has no time limit.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t

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        Will my beneficiaries have access to the trust assets right away? <\/div><\/span>\n\t\t\t\t\t\t\t\n\t\t\t<\/path><\/svg><\/span>\n\t\t\t<\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t
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        Only if you want them to. The trust has a\u00a0trustee<\/em>\u00a0who decides when and how distributions are made.
        To enhance protection, you can split roles:<\/p>