In this blog post, you will discover: The most effective ways to protect your assets from lawsuits The most effective ways to protect assets from stock market crashes The best ways to limit exposure or protect assets from taxes A negligence lawsuit, such as an auto accident or a slip and fall at a business, […]
Adding your children to your bank accounts makes them co-owners of those accounts. If your children have creditors who have obtained a judgment against them, your funds are now subject to a bank garnishment to collect the judgment. In other words, adding your children to your bank accounts makes your accounts subject to the claims […]
When you put your children on the deed to your home or any other asset, you become a co-owner of the property with them. The legal effect of co-ownership can bring unintended results. The first unexpected result is creating an IRS tax liability issue for yourself. Putting your home in joint tenancy with your children […]