Asset Protection Articles

Selling a medical practice is a significant decision with substantial financial and tax implications for both the seller and the buyer. One of the most critical aspects of the transaction is the allocation of the purchase…

On December 3, 2024, a significant legal development occurred that impacts businesses across the United States. The U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction, temporarily blocking the enforcement of…

Rev. Rul. 2023-2 clarified an important point of law regarding the interaction between Section 1014 of the Internal Revenue Code and assets transferred to irrevocable grantor trusts by completed gift. Specifically, the IRS ruled that the…

A transfer to an LLC owned by a trust is functionally equivalent to a transfer first to the trust and then to the LLC because the trust is the ultimate beneficial owner of the LLC. Here’s…

Infinite Banking is a financial strategy that leverages the cash value of a specially designed whole life insurance policy to create a personal banking system. This approach allows individuals to become their own banker by borrowing…