Category: Trusts

By:Kamilla Mishiyeva, Esq.

Why Asset Protection Planning is Better in the Bahamas

Why Is Asset Protection Planning is Better in the Bahamas? Asset protection is a viable strategy to today's "court-happy" society. Consider the following example: Mike Bloom is an oncologist with an established practice in New York City.  His medical practice is located in a four-story building in the neighborhood of ...
By:Kamilla Mishiyeva, Esq.

Spendthrift Trusts for Children

Spendthrift Trusts for Children: Everything You Need To Know In a straightforward estate plan, parents tend to leave assets to their children outright and in equal shares.  An outright distribution requires a trustee to sell or liquidate assets and transfer the proceeds to the beneficiaries, with no strings attached.  When ...
By:Kamilla Mishiyeva, Esq.

Foreign Trusts – An Advanced Estate Planning Tool

Advantages of a Foreign Trust No one chooses to become a judgment debtor. But risks are rising just about everywhere you go today. The privilege of being a landlord for example, is to enjoy a financial return on the home’s rental value, but every so often, a property-owner can lose ...
By:Kamilla Mishiyeva, Esq.

Using Trusts To Protect Your Assets

Using Trusts To Protect Your Money and Assets In the wake of recent string of celebrity deaths, particularly Jeffrey Epstein and Kobe Bryant, everyone seems to want a trust. With the term circulated on TMZ and news sources, most are starting to understand that trusts symbolize privacy and orderly estate ...