Tag: high net worth
Top Asset Protection Strategies to Use in a High Net Worth Estate Plan
Posted on March 20, 2024
When it comes to estate planning for high net worth individuals and families, asset protection is a critical component. Protecting your assets ensures that your wealth will be preserved for future generations, safeguarded from potential creditors, and structured in a way that aligns with your long-term goals. With the guidance of a knowledgeable attorney, you can implement strategies that effectively shield your assets while maintaining compliance with legal standards. Establishing Trusts Trusts are a vital component of many estate plans, and they ensure that assets will be managed correctly, preserved, […]
Legacy Planning for High-Net-Worth People
Posted on January 4, 2024
Legacy planning is critical to estate planning, especially for those with significant wealth. For those with estates worth over $5 million, there are specific considerations and strategies to maximize the preservation and distribution of assets. If you are a high-net-worth person interested in legacy planning, a dedicated lawyer can provide the guidance necessary to ensure you can achieve your estate planning goals. Estate Tax Planning High-net-worth individuals with estates worth over $5 million should be aware of the potential impact of estate laws in Illinois. Proper tax planning can help […]