Asset Protection | Live More Carefree
By Colin Ley
For most people, final disposition instructions are a real bummer to think about. Your final disposition instructions are basically what you want people to do with your body after you die. Nobody likes to think they will die! Doing some planning on what to do with your remains can help make things easy on your loved ones, who no doubt will be really sad you’re gone. [Read more…] about Estate Planning Definitions: Final Disposition
By Colin Ley
As an estate planning attorney, people often ask me what rights they have when it comes to trust payments. People asking these questions are concerned whether they are receiving enough distributions (nobody has complained yet about receiving too much). Or they are concerned that the trust funds are being mismanaged by the trustee (the person, or company, who runs the trust). Many times, strained family dynamics add to the conflict and confusion. [Read more…] about In Trust We Trust
By Colin Ley
The Limited Liability Company is a popular business entity because they are easy to run and reduce the personal liability of the owners. Not all LLCs are created the same, however. In most states, multiple member LLCs are afforded more liability protection than the single member LLC, or spoused-owned LLCs in some states. [Read more…] about The Single Member LLC
By Colin Ley
One of the foundations of any asset protection plan is determining what types of liability a person needs to plan for. I’ve defined inside vs. outside liability before, but it’s a very important topic, so it’s worth further exploration in this video.
[Read more…] about Inside vs. Outside Liability
By Colin Ley
As part of any estate planning package we offer at LayRoots, we work with our clients on advanced healthcare directives. Part of that planning process involves deciding whether a person wants to remain on life support after doctors decide there is no hope of recovery (i.e. when brain dead). I recently had a client who wanted to remain on life support for an extended period of time, unless it was a financial burden for her loved ones. Having never investigated the costs of long-term life support care, I was curious. [Read more…] about Estate Planning Strategies: Life Support Decisions
By Colin Ley
At LayRoots we like to host a number of Guardian Nomination Workshops. We help parents choose and document legal guardians for their children…just in case something happens to them. One of the most common questions we get is what should a parent do if he or she has separated from his/her co-parent. Put another way, what do you do if each parent wants different guardians for the children? [Read more…] about Naming Guardians as a Single Parent
