-
Trusts: Frequently Asked Questions
As experts in estate planning, LCO Law LLC understands that many people have questions about trusts. In this FAQ, we will answer some of the most common questions we receive. You can find out more HERE. Q: What is a trust?A: A trust is a legal arrangement in which a person or entity (the trustee) […]
-
Third Party Trusts and Creditor Protection
For those of you who think putting properties into third party trusts assures creditor protection… think again. Recently in United States v. Hovnanian, Civ. No. 18-15099, 2022 WL 17959583 (D.N.J. Dec. 27, 2022): The Government asserted that, although the trusts held title to the residence and the office complex, Shant actually controlled those properties. The […]
-
Estate Planning with Cryptocurrency
Why is crypto estate planning important? Since cryptocurrency assets are decentralized, it’s extremely important that you include them in your estate plan. Crypto assets don’t have the same failsafe as bank accounts or retirement accounts because they’re decentralized. It’s your responsibility, as the crypto owner, to create a plan that includes your digital assets and […]
-
What did Khloe Kardashian and her Attorney Get Wrong?
A Will is just a piece of what goes into proper Estate Planning. Yet, it’s important to note that a Will ONLY goes into effect when you pass away. While the middle Kardashian is a step ahead of 60% of average Americans by just HAVING a Will, her attorney failed to educate her on a […]
-
Brokers Liens and Commissions
-
Getting Foreclosure Sales Confirmed
-
IRS Liens
-
Partitions
-
“Ex” Spouses
-
What the IRS Redemptions mean for Investors