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February 20, 2012

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Asset Protection Resources

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Did You Know?

A Living Trust is an entity created for the purpose of holding and managing assets
A Living Trust is an entity created for the purpose of holding and managing assets for the benefit of the creators of the Trust (the “Trustors”) during their lifetimes and then for the purpose of management and distribution of the assets to the beneficiaries designated by the Trustors. There are various reasons for creating Living Trusts: (a) To avoid probate administration on death of either Trustor. (b) To avoid a court supervised conservatorship in the event of lifetime disability of either Trustor. (c) To provide for the management and distribution of assets during continued administration of the Trust or upon its termination.

	Newsroom
	News about Asset Protection cases in Minnesota and nationwide: SuperCom Announces New Technology for Active Tracking Solutions and Extends Homeland Security Offerings With February 14, 2006 SuperCom Announces New Technology for Active Tracking Solutions and Extends Homeland Security Off... Read more > Increasingly Integrated Financial Management Systems Are Expected To Support Program Managers Financial Managers, OMB Circular A-127, Financial Management Systems, initially issued in 1984, was revised in 1993. This Circular sets forth general policies fo... Read more > Agencies Issue Rulemakings to Amend Risk-Based Capital Treatment of Exposures to Asset-Backed Commercial Paper Programs and Securitizations with Early Amortization Provisions The federal bank and thrift regulatory agencies today requested public comment on an interim final rule and a notice of proposed rulemaking (NPR) t... Read more > More Asset Protection News >

Asset Protection.com Terms

Today's Terms

Spendthrift Trusts

Definition:
A spendthrift trust is created specifically to provide asset protection for the beneficiary. These trusts are written so that the beneficiary can receive the benefit of the trust, but have no right to demand benefits from the trust.

Marital Trusts

Definition:
A marital trust is used to benefit the surviving spouse of the person who dies. There are many reasons for creating such a trust-- to provide asset protection for the surviving spouse, or to ensure that your children are the ultimate beneficiaries of your estate.

Durable power of attorney

Definition:
A power of attorney that remains valid when the principal becomes incapacitated.

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Asset Protection Resources

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Asset Protection Hot Topics

Topics Related to Asset Protection:

Trusts
Wills
Uniform Probate Code
Gift Tax
Dynasty Trust
Annuities

Minnesota Asset-Protection Attorney

If you live in the following cities and need an Asset-Protection attorney you should contact our Asset-Protection Attorney as soon as possible:

Andover
Anoka
Austin
Bemidji
Brainerd
Burnsville
Circle Pines
Cottage Grove
Eden Prairie
Elk River
Faribault
Hastings

Lakeville
Mankato
Minneapolis
Moorhead
Osseo
Owatonna
Rochester
Saint Cloud
Saint Paul
Stillwater
Winona

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All attorney listings are a paid attorney advertisement, and do not in any way constitute a referral or endorsement by an approved or authorized lawyer referral service. The information provided on Minnesota Asset Protection.com is not intended to be legal advice, but merely conveys general information related to legal issues commonly encountered. Your access to and use of this website is subject to additional Terms and Conditions.

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