http://www.submityourarticle.com/articles/Jeffrey-Matsen-5458 The latest quality free reprint articles from Jeffrey Matsen at SubmitYOURArticle.com Sun, 19 Feb 2012 04:58:20 +0000 Since there really are no other relevant cases, the Decision has generated a lot of interest and comment. I don't think it is the "death knell' for domestic self settled trusts, especially for those trustors who don't declare Bankruptcy, but clients should be aware and well advised about Bankruptcy Section 548 (e) which contains the 10 year look back self settled trust rule. http://www.submityourarticle.com/articles/Jeffrey-Matsen-5458/Estate-Planning-229113.php Fri, 02 Dec 2011 23:13:03 +0000 Many small business owners are well aware of the importance and benefits of incorporation. If properly formed and operated, a corporation shields its shareholders from personal liability. Failure to comply with the above formalities can subject you to monetary fines, personal liability, or even loss of control over your business. http://www.submityourarticle.com/articles/Jeffrey-Matsen-5458/Corporations-122841.php Mon, 07 Nov 2011 08:21:39 +0000 Under California law, a married couple can transmute community property into separate property. See Family Code Section 850. The agreement of spouses to separate and divide their community property whether by formal written contract or informal transmutation between themselves will be enforced. http://www.submityourarticle.com/articles/Jeffrey-Matsen-5458/Asset-protection-122844.php Thu, 03 Nov 2011 23:43:58 +0000 As a general rule, self settled trusts are not protected from creditors. However, recently the States of Alaska, Delaware, Nevada, Rhode Island, Colorado, Missouri, Utah and South Dakota have provided various degrees of asset protection legislation in a self settled trust. http://www.submityourarticle.com/articles/Jeffrey-Matsen-5458/Domestic-Asset-Protection-122852.php Sun, 01 May 2011 21:47:23 +0000 Is Your LLC's 'Operating Agreement' Sufficiently Worded To Protect Your Personal Assets? Once you've formed a limited liability company (LLC) by filing the Articles of Organization, what's your next step? The most critical component of an LLC is the 'Operating Agreement' http://www.submityourarticle.com/articles/Jeffrey-Matsen-5458/operating-Agreement-122860.php Fri, 29 Apr 2011 10:09:22 +0000 One of the most effective methods of estate planning and asset protection is to hold personal or business assets in a limited liability company (LLC) or limited partnership (LP), rather than owning such assets directly in your own name or in the name of a living trust. http://www.submityourarticle.com/articles/Jeffrey-Matsen-5458/limited-liability-company-122862.php Fri, 01 Apr 2011 09:06:18 +0000 Banks don't just close, right? Yes, they do. But by taking the right steps to safeguard your business assets, a bank failure won't cost you the value of those deposits. http://www.submityourarticle.com/articles/Jeffrey-Matsen-5458/asset-protection-122864.php Tue, 29 Mar 2011 02:30:05 +0000 In California, an LLC may be set up to engage in any lawful business activity, "except the banking, insurance or trust company business". However, the use of an LLC for the practice of licensed professions and occupations is generally prohibited. http://www.submityourarticle.com/articles/Jeffrey-Matsen-5458/LLC-123264.php Mon, 28 Mar 2011 21:38:23 +0000 A Family Limited Partnership or LLC is typically utilized in an estate plan as a vehicle for making "leveraged" or "discounted" gifts to children or other family members and loved ones. The FLP is simply stated a partnership arrangement between family members wherein the senior family members maintain full control over the management and investment decisions relating to all of the underlying partnership property. http://www.submityourarticle.com/articles/Jeffrey-Matsen-5458/Asset-Protection-123298.php Sat, 26 Feb 2011 18:36:44 +0000 The Family Limited Partnership is set up so that the transferor can contribute assets to the FLP in exchange for both general and limited partner interests. The general partners maintain virtually all of the power and determine what happens to the assets in the FLP. The limited partners will enjoy an ownership interest but have few rights or power. http://www.submityourarticle.com/articles/Jeffrey-Matsen-5458/estate-planning-123301.php Sun, 20 Feb 2011 18:57:10 +0000