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Top related persons:
Laurene Powell Jobs - 1 Phil Knight - 1 Karen Yates - 1 didn't - 1 Jere Doyle - 1 Doyle - 1 Spendthrift - 1 Yates - 1
Top related locs:
California South Dakota Delaware
Top related orgs:
Apple - 1 Nike - 1 Mellon Wealth Management - 1 Karlin & - 1

Search resuls for: "Jere Doyle"


2 mentions found


☆ How the ultra-rich use trusts to protect the family fortune if their heirs get sued or divorced
  + stars: | 2023-07-14 | by ( Hayley Cuccinello | ) www.businessinsider.com   time to read: +6 min
Four lawyers to the wealthy told Insider how these spendthrift trusts work. How spendthrift trusts workSpendthrift trusts can be used to defend an heir in virtually any kind of legal dispute. Robert Strauss, partner at Weinstock Manion, does not view spendthrift trusts as a substitute for prenups. Having separate beneficiaries and trustees is just one way to strengthen a spendthrift trust's power. Domestic asset protection trusts set up in a trust-friendly state like Delaware are very secure, he said.
Persons: Laurene Powell Jobs, Phil Knight, Karen Yates, didn't, Jere Doyle, Doyle, Spendthrift, Yates, Robert Strauss, Weinstock Manion, Strauss, Cindy Brittain, Karlin & Peebles Organizations: Apple, Nike, Mellon Wealth Management, Karlin & Locations: California, South Dakota, Delaware
☆ How rich families use trusts that last as long as 1,000 years to save on taxes and benefit future heirs
  + stars: | 2023-05-23 | by ( Hayley Cuccinello | ) www.businessinsider.com   time to read: +6 min
Dynasty trusts can last up to 1,000 years – about 40 generations – in Florida and other states. So-called dynasty trusts allow affluent taxpayers to provide for as many as forty generations and only be subject to tax once. Dynasty trusts have grown in popularity as the generation-skipping transfer tax exemption has skyrocketed, according to Sandy Christopher, partner at Withers Bergman. They are usually drawn to dynasty trusts to keep businesses within their families and protect assets from creditors. Dynasty trust assets are also shielded in the event of a divorce.
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