Irrevocable Trusts
Revocable trusts don’t offer anything in the way of asset protection, making it important to understand which of the many types of irrevocable trust may be the best choice for you.
Grantor Retained Annuity Trust (GRAT)
In some circumstances, the use of a GRAT can help increase the value transferred to a trust while minimizing tax exposure.
Domestic Asset Protection Trust (DAPT)
Several U.S. states now have DAPT statues that offer benefits formerly only available offshore, but it is critically important they be properly implemented.
Beneficiary Defective Trusts
Can someone be both the grantor and beneficiary of a trust? Yes—with careful planning. Walny Legal Group LLC is nationally recognized for this advanced asset protection strategy.
Qualified Personal Residence Trust (QPRT)
If a personal residence is the largest asset of an estate, Walny Legal Group can help determine if it would be beneficial to transfer that asset into a trust while a client is still living.
FLPs and LLCs
A Family Limited Partnership can be a tax-efficient component of both an asset protection plan and the transfer of wealth among family members.
LLCs and other Entities
The isolation of assets, such as the division of parcels of real estate into different LLCs, is a common and beneficial asset protection strategy.
Sales to Grantor Defective
Walny Legal Group has the expertise to help clients determine whether they are able to sell assets to a Grantor Defective Trust without the imposition of capital gains at the point of sale.