Protecting your assets against taxes and nursing home expense, and your children's inheritance against hypothetical divorces, debt, disability or dissipation is important for clients who are retired, or who have assets exceeding $1m at death, or with special property like a vacation home or business assets.

With the Family Protection Plan, you adopt the elements of the Lifetime Trust Plan, with the added benefit of passing your estate to children (or other loved ones) in continued trusts for their benefit we call "Inheritance Trusts" and, when called for, "Retirement Plan Distribution Trusts."  Family Protection Planning often leverages life insurance with the use of the "Irrevocable Life Insurance Trust."

Inheritance Trusts and Retirement Plan Distribution Trusts are designed to protect the assets received from the claims of third parties and against waste or abuse in the form of Debt, Divorce, Disability, and Dissipation (the "4 Ds").

The Family Protection Plan typically has one or more of these features:

• Multiple Trust Instruments (each designed for a specific purpose).
• Minimization or Elimination of Estate Taxes.
• Use of irrevocable trusts for great tax savings or asset protection.
• Gifting Strategies.
• Creation of the Asset Trust Organizer (tm) (listing all assets and appropriate title and beneficiary designations).
• Assistance with Funding (completing the forms and transfers needed to submit the assets to the trust agreement(s).
• Advanced Trustee selection, allowing for children to become trustees or creating Family and Professional Co-trustees.
• Trust Advisor appointments to enable future changes in the trust necessitated by law, tax, or family changes after your death or with irrevocable trusts.
• Asset Succession Planning - Vacation homes, heirloom properties, business interests.
• Powers of Attorney Specific to your Business or professional practice.
• Periodic Review and Refinement of the Plan.
• Timely Workshops on Estate Planning for you and your family to attend.