![Page 1: Will a Revocable Living Trust Provide Asset Protection?](https://reader036.vdocument.in/reader036/viewer/2022062307/554c31fbb4c90513198b53b0/html5/thumbnails/1.jpg)
WILL A REVOCABLE LIVING TRUST PROVIDEASSET PROTECTION?
![Page 2: Will a Revocable Living Trust Provide Asset Protection?](https://reader036.vdocument.in/reader036/viewer/2022062307/554c31fbb4c90513198b53b0/html5/thumbnails/2.jpg)
PROTECTING ASSETS
![Page 3: Will a Revocable Living Trust Provide Asset Protection?](https://reader036.vdocument.in/reader036/viewer/2022062307/554c31fbb4c90513198b53b0/html5/thumbnails/3.jpg)
When you are financially successful, you should protect
your assets for your own purposes
![Page 4: Will a Revocable Living Trust Provide Asset Protection?](https://reader036.vdocument.in/reader036/viewer/2022062307/554c31fbb4c90513198b53b0/html5/thumbnails/4.jpg)
It is also important to protect the
resources that you intend to leave behind to your
loved ones after you pass away
![Page 5: Will a Revocable Living Trust Provide Asset Protection?](https://reader036.vdocument.in/reader036/viewer/2022062307/554c31fbb4c90513198b53b0/html5/thumbnails/5.jpg)
WHY WOULD YOU NEED TO PROTECT
ASSETS?
![Page 6: Will a Revocable Living Trust Provide Asset Protection?](https://reader036.vdocument.in/reader036/viewer/2022062307/554c31fbb4c90513198b53b0/html5/thumbnails/6.jpg)
You may wonder why you would need to protect assets
![Page 7: Will a Revocable Living Trust Provide Asset Protection?](https://reader036.vdocument.in/reader036/viewer/2022062307/554c31fbb4c90513198b53b0/html5/thumbnails/7.jpg)
Anyone can be the target of a lawsuit, divorce proceedings could come into play as well
![Page 8: Will a Revocable Living Trust Provide Asset Protection?](https://reader036.vdocument.in/reader036/viewer/2022062307/554c31fbb4c90513198b53b0/html5/thumbnails/8.jpg)
In a real sense, everyone with assets should protect
them
![Page 9: Will a Revocable Living Trust Provide Asset Protection?](https://reader036.vdocument.in/reader036/viewer/2022062307/554c31fbb4c90513198b53b0/html5/thumbnails/9.jpg)
However, it is a pressing concern for some people
![Page 10: Will a Revocable Living Trust Provide Asset Protection?](https://reader036.vdocument.in/reader036/viewer/2022062307/554c31fbb4c90513198b53b0/html5/thumbnails/10.jpg)
SUCCESSFUL PEOPLE TARGETED
![Page 11: Will a Revocable Living Trust Provide Asset Protection?](https://reader036.vdocument.in/reader036/viewer/2022062307/554c31fbb4c90513198b53b0/html5/thumbnails/11.jpg)
People who have been especially successful are more attractive targets for litigious
types
![Page 12: Will a Revocable Living Trust Provide Asset Protection?](https://reader036.vdocument.in/reader036/viewer/2022062307/554c31fbb4c90513198b53b0/html5/thumbnails/12.jpg)
Those who are in certain lucrative lines of work are inherently vulnerable to
lawsuits
![Page 13: Will a Revocable Living Trust Provide Asset Protection?](https://reader036.vdocument.in/reader036/viewer/2022062307/554c31fbb4c90513198b53b0/html5/thumbnails/13.jpg)
These would include real estate investors, physicians, and
other professional practitioners
![Page 14: Will a Revocable Living Trust Provide Asset Protection?](https://reader036.vdocument.in/reader036/viewer/2022062307/554c31fbb4c90513198b53b0/html5/thumbnails/14.jpg)
WILL A REVOCABLE LIVING TRUST
PROTECT MY ASSETS?
![Page 15: Will a Revocable Living Trust Provide Asset Protection?](https://reader036.vdocument.in/reader036/viewer/2022062307/554c31fbb4c90513198b53b0/html5/thumbnails/15.jpg)
REVOCABLE LIVING TRUSTS are very popular in the field of estate
planning
![Page 16: Will a Revocable Living Trust Provide Asset Protection?](https://reader036.vdocument.in/reader036/viewer/2022062307/554c31fbb4c90513198b53b0/html5/thumbnails/16.jpg)
The primary purpose of a revocable living trust is to facilitate asset transfers
outside of probate
![Page 17: Will a Revocable Living Trust Provide Asset Protection?](https://reader036.vdocument.in/reader036/viewer/2022062307/554c31fbb4c90513198b53b0/html5/thumbnails/17.jpg)
While they are useful for probate avoidance, revocable
living trusts do not provide asset
protection
![Page 18: Will a Revocable Living Trust Provide Asset Protection?](https://reader036.vdocument.in/reader036/viewer/2022062307/554c31fbb4c90513198b53b0/html5/thumbnails/18.jpg)
WILL ANY TRUST PROVIDE ASSET PROTECTION?
![Page 19: Will a Revocable Living Trust Provide Asset Protection?](https://reader036.vdocument.in/reader036/viewer/2022062307/554c31fbb4c90513198b53b0/html5/thumbnails/19.jpg)
Revocable living trusts are just that, REVOCABLE
![Page 20: Will a Revocable Living Trust Provide Asset Protection?](https://reader036.vdocument.in/reader036/viewer/2022062307/554c31fbb4c90513198b53b0/html5/thumbnails/20.jpg)
You can dissolve the trust and use the money as you
see fit
![Page 21: Will a Revocable Living Trust Provide Asset Protection?](https://reader036.vdocument.in/reader036/viewer/2022062307/554c31fbb4c90513198b53b0/html5/thumbnails/21.jpg)
The grantor of the trust RETAINS CONTROL
![Page 22: Will a Revocable Living Trust Provide Asset Protection?](https://reader036.vdocument.in/reader036/viewer/2022062307/554c31fbb4c90513198b53b0/html5/thumbnails/22.jpg)
On the other hand, you surrender this control when you create an IRREVOCABLE
TRUST
![Page 23: Will a Revocable Living Trust Provide Asset Protection?](https://reader036.vdocument.in/reader036/viewer/2022062307/554c31fbb4c90513198b53b0/html5/thumbnails/23.jpg)
As a result, generally speaking assets that have
been conveyed into an irrevocable trust are
protected
![Page 24: Will a Revocable Living Trust Provide Asset Protection?](https://reader036.vdocument.in/reader036/viewer/2022062307/554c31fbb4c90513198b53b0/html5/thumbnails/24.jpg)
OTHER ASSET PROTECTION
POSSIBILITIES
![Page 25: Will a Revocable Living Trust Provide Asset Protection?](https://reader036.vdocument.in/reader036/viewer/2022062307/554c31fbb4c90513198b53b0/html5/thumbnails/25.jpg)
Certain types of irrevocable trusts are used to protect
assets
![Page 26: Will a Revocable Living Trust Provide Asset Protection?](https://reader036.vdocument.in/reader036/viewer/2022062307/554c31fbb4c90513198b53b0/html5/thumbnails/26.jpg)
However, there are other possibilities
![Page 27: Will a Revocable Living Trust Provide Asset Protection?](https://reader036.vdocument.in/reader036/viewer/2022062307/554c31fbb4c90513198b53b0/html5/thumbnails/27.jpg)
Limited liability companies and family limited partnerships are also used for asset protection
purposes
![Page 29: Will a Revocable Living Trust Provide Asset Protection?](https://reader036.vdocument.in/reader036/viewer/2022062307/554c31fbb4c90513198b53b0/html5/thumbnails/29.jpg)
This presentation should have answered basic
questions about revocable living trusts
and asset protection
![Page 30: Will a Revocable Living Trust Provide Asset Protection?](https://reader036.vdocument.in/reader036/viewer/2022062307/554c31fbb4c90513198b53b0/html5/thumbnails/30.jpg)
If you want to discuss asset protection with a licensed professional, contact our firm to schedule a free
consultation
![Page 31: Will a Revocable Living Trust Provide Asset Protection?](https://reader036.vdocument.in/reader036/viewer/2022062307/554c31fbb4c90513198b53b0/html5/thumbnails/31.jpg)
If you live in northern Nevada give us a call at 775-823-WILL to make an appointment