St. George & Surrounding Areas

ASSET PROTECTION PLANNING

We will help you through the complexities of protecting your assets and the steps that need to be taken throughout the process.

Asset protection planning may involve several strategies depending upon each client’s fact situation. In all asset protection planning it is better to have the planning in place before the need arises. Doctors, contractors, lawyers and real estate developers are vocations often associated with litigation and therefore more aggressive asset protection planning. However, anyone with an asset or good earning potential needs some level of asset protection planning.

The foundational planning will include insurance as the initial line of defense. After insurance, asset protection planning depends on the facts and may include business entities, funding retirement plans, asset ownership strategy, domestic asset protection trusts, irrevocable life insurance trusts (ILIT), intentionally defective grantor trusts (IDGT), other irrevocable trusts.

SCHEDULE A CONSULTATION

You choose the date and time and we'll give you a call - easy as that.

WE CAN HELP WITH THE FOLLOWING ASSET PROTECTION NEEDS AND SOLUTIONS:

Phillip Gubler

Entities

LLC Formation

C Corporation Formation

S Corporation Formation

General Partnership Formation

Annual Meeting

Develop

Domestic Asset Protection Trusts

Irrevocable Life Insurance Trusts

Intentionally Defective Grantor Trusts

LLC

A Limited Liability Company (LLC) is one type of legal entity that can be formed to hold real estate or own and operate a business. An LLC is a popular option, and provides the similar limited liability as a corporation but is easier and more cost effective to form and operate. Any individual operating a business as a sole proprietor should consider an LLC for the personal legal liability protection it may offer.

General Partnership

A general partnership is a business entity that consists of two or more owners who operate in accordance with an agreed-upon business arrangement with the intent to make a profit. A partnership is the least protected business entity in terms of risk, partners are jointly and severally responsible for any debts or liabilities associated with the business – meaning personal assets can be seized to fulfill outstanding debts or obligations.

C Corporation

A C Corporation (C-corp) is a legal entity in which the owners or shareholders are taxed separately from the business. It is the most common type of corporation. C-corps separate the company’s income and assets from its owner and shareholders, limiting their liability to only what they have invested in the business.

S Corporation

An S Corporation (S-corp) is a type of corporation that gives a business with 100 shareholders or fewer the benefit of a corporation while being taxed as a flow through entity. Only the money invested into an S-corp by shareholders is at risk, with protection similar to an LLC or C-corp. S-corp shareholders can only be individuals, certain trusts and estates or specific tax-exempt organizations.

SCHEDULE A CONSULTATION

You choose the date and time and we'll give you a call - easy as that.

"Tom provided excellent council and guided us through each step in the “trust” process. Everyone from reception to para-legal was professional and willing to help. Did I mention Lindsay? Kind, smart, super-fast and always willing to go the extra mile. Five stars and TWO high fives!"

Don | St. George, UT