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Tag Archives: charging order
Asset Protection; Avoiding Fraudulent Transfers
One of the simplest methods of protecting assets from potential creditors is transferring title to the marital home to one’s spouse. Creditors of the transferring spouse will thereby be precluded from making claims against the house. When making large transfers … Continue reading
Posted in Asset Protection
Tagged asset protection, charging order, fraudulent transfers, offshore trusts
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Valuation Discounts for LLCs
LLCs possess the desirable corporate attribute of limited liability, and the valuable “flow thru” partnership tax attribute. New York’s LLC statute, although containing default terms, permits customization of the operating agreement. The LLC form therefore provides the opportunity for members to structure the management, tax classification and capital structure of the entity to suit the members’ needs. Continue reading