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Protecting your assets is a crucial step in securing your financial future. In a tax and asset protection workshop, you can learn how to shield your assets from creditors and lawsuits.
You can transfer ownership of your home to a trust to protect it from creditors. This is often done through a technique called a "homestead exemption", which can help you keep your home safe.
The IRS allows you to gift up to $15,000 per year to individuals without incurring gift tax. This can be an effective way to reduce your taxable estate and protect your assets for future generations.
Transferring assets to a trust can also help reduce estate taxes. By placing assets in a trust, you can avoid probate and minimize the tax burden on your loved ones.
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Tax and Asset Protection
You can structure your business for sustainable, long-term growth and success by using the strategies of the wealthiest investors and profiting by using the tax code.
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BMD's attorneys understand the complexity of ensuring maximum protection available to clients under the law, and they offer creative strategies and solutions for estate planning and asset protection planning.
Protecting wealth, avoiding probate, and planning for the unknown offers peace of mind that an individual's affairs are in order.
Incapacity planning is a crucial aspect of estate planning, and it's essential to have a plan in place to ensure that your loved ones are taken care of in the event of your incapacity.
The new Corporate Transparency Act requires certain entities to report information about their beneficial owners to the Financial Crimes Enforcement Network (FinCEN).
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Event Details
It's designed to help you take control of your legacy, avoid costly legal and financial pitfalls, and ensure that your loved ones are secure and cared for.
The workshop is free and educational, making it a valuable resource for anyone looking to protect their family, home, and savings from costly mistakes.
By attending this workshop, you can discover proven strategies to protect your family, home, and savings.
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Benefits and Outcomes
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You'll gain valuable insights and practical knowledge from this workshop.
You'll learn how to avoid having your life savings wiped out by long-term care costs, which can be a major financial burden.
By attending this workshop, you'll also gain the skills to protect your assets from your children's divorce, debt, or disability, giving you peace of mind.
This workshop will walk you through how to prevent probate's time-consuming and costly court process from delaying your estate distribution.
You'll also learn how to maximize the inheritance you pass down to your loved ones, making a lasting impact on their lives.
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What You'll Learn
By attending this workshop, you'll learn how to avoid having your life savings wiped out by long-term care costs. This can be a major financial burden for many people.
You'll also learn how to protect your assets from your children's divorce, debt, or disability. This can be especially important if you have children who are prone to financial struggles.
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The workshop will cover how to prevent probate's time-consuming and costly court process from delaying your estate distribution. This can save you and your loved ones a lot of stress and hassle.
You'll gain practical knowledge on how to maximize the inheritance you pass down to your loved ones. This can be a great way to ensure that your legacy lives on.
You'll understand the pros and cons of wills vs. trusts and when to use each. This can be a key decision in ensuring that your estate is distributed as you wish.
The workshop will also teach you how to keep your financial and personal affairs private from public records. This can be a vital aspect of maintaining your privacy and security.
By learning how to protect your estate against unexpected tax law changes, you'll be able to stay ahead of the game and ensure that your estate is always secure.
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Testimonials
People who have worked with Anderson have seen significant benefits in their business and personal lives. They've been able to grow their portfolio and feel more confident in their investing future.
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One of the most impressive things about Anderson is the community they've built. People have been attending their seminars for years and have formed long-lasting partnerships. This kind of community is invaluable for business owners who want to grow and succeed.
Attendees love the networking opportunities at Anderson's events, where they can meet like-minded people and get feedback from experienced advisors and attorneys. This helps them stay up-to-date on the latest strategies and best practices.
Anderson's workshops have been instrumental in helping business owners navigate the ever-evolving legal landscape. They're constantly learning and sharing new knowledge with their clients, which is incredibly helpful.
Having a solid understanding of the legal landscape has given business owners peace of mind. They no longer worry about IRS issues or losing everything they've worked for.
Anderson's expertise has also helped business owners protect their personal information and maintain anonymity. This is especially important for those who own multiple properties and want to keep their affairs private.
Anderson's services have helped business owners change their mindset and explore new opportunities. For one 33-year veteran of the construction industry, Anderson showed him the benefits of becoming a landlord and renting out properties.
Anderson's team has also helped business owners set up trusts and other financial structures to ensure their assets are protected and their loved ones are taken care of. This gives them peace of mind and allows them to focus on their business.
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Frequently Asked Questions
Is asset protection tax deductible?
Asset protection trusts may offer income tax savings in no-income-tax states, allowing for tax planning. However, tax deductibility varies and depends on individual circumstances.
Sources
- https://www.bmdllc.com/practice-areas/estate-tax-wealth-planning/
- https://andersonadvisors.com/live-tax-and-asset-protection-workshops/
- https://www.carolinafep.com/reports/3-secrets-to-protect-your-family.cfm
- https://www.longislandpress.com/2021/04/20/webinar-asset-protection-and-elder-law-workshop/
- https://krhess.com/estate-planning-workshops/
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