Oct. 19, 2021—Asset protection planning is an important part of financial and estate planning. Certain personal trusts can be used to help safeguard your assets from future creditors and frivolous lawsuits, while other trust structures can be used to help protect your wealth for future generations. In today’s podcast, Jeff Wolken, national director of Delaware Trust Planning, discusses several key measures you can take to help keep your assets safe.
It’s a Thriller! What is a celebrity’s name and image worth after they die? Michael Jackson’s name and image was valued on his estate tax return at ~$2,000, by the Internal Revenue Service (IRS) on audit at ~$435 million and by the Tax Court at ~$4 million.
Oct. 5, 2021—If you wish to retain more control over the assets you place in trust, a Delaware directed trust is one possible solution. The state’s distinctive trust law allows you to create a personal trust where you—or advisors named by you—direct the trustee’s actions.
