The Casper P. Connolly & Associates Law Firm Provides Excellent Estate Planning Services
By: Seo5 Consulting
Submitted: 2010-09-10 08:06:11 | Word Count: 550
For over 34 years, the Casper P. Connolly & Associates Law Firm has been providing excellent estate planning services to its clients to properly protect them from the ever increasing frivolous lawsuits and unwarranted legal actions that often arise in today's society. Proper and effective estate planning services are vital, as the Casper P. Connolly & Associates Law Firm has discovered over the years that many individuals have been mislead or misinformed by unscrupulous promoters concerning the need for proper estate planning, asset protection and wealth preservation planning.
The Casper P. Connolly Law Firm and its associates have an in-depth understanding of estate planning services and have always provided its clients with the highest degree of protection and privacy for all of their business and financial affairs.
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Asset protection planning and estate planning services may include limited partnerships, domestic and/or offshore limited liability companies, charitable remainder trusts, irrevocable life insurance trusts, domestic asset protection trusts and/or offshore asset protection trusts. The success of such vehicles depend upon how much protection is provided by the estate planning services vehicle, how well the documents are drafted, whether the structure is properly and fully implemented, and where (state or country) the entities are domiciled. Qualified estate planning services may not only protect assets against an unfavorable judgment by a future creditor it may also reduce the risk that an individual will be sued in the first place.
Thus, an Irrevocable Life Insurance Trust [ILIT] can provide significant benefits to a family. For example, if properly drafted, the Life Insurance Trust will remove the proceeds of life insurance from the taxable estates of the settlor and the settlor's spouse and provide additional funds for cash distributions to those selected as recipients by the settler. Another important aspect is proper estate tax planning. Even when estates are valued at less than the minimum federal estate tax exemption [i.e., only $1,000,000 in 2011], this does not mean that the estate would be exempt from death taxes. Several states have modified their exemptions and some of them impose inheritance or estate taxes on values much lower than the Federal exemption. Therefore, planning should still be conducted to insure that the state death tax bite is minimized.
The Casper P. Connolly Law Firm can properly protect the client's business and assets to pass along to his/her heirs in an equitable manner through effective estate planning services and wealth preservation structures. They have the experience and expertise to help a client properly protects his/her assets and estate from the threat of lawsuits, legal actions and a host of other possible problems. Their services and structures will give the client and his or her family present and future peace of mind and security. Counsel Casper P. Connolly has been practicing law in the State of Michigan continually for 37 years and he concentrates upon Estate Planning, Elder Law, Probate matters and Asset Protection.
The Casper P. Connolly & Associates Law Firm offers a free 20 minute phone consultation. Call 989-539-3996 or visit Professionalassetprotectionservices.
Author Resource:-
The Connolly Law Firm has 34 years of experience drafting effective financial and asset planning documents. They use their experience to ensure that you are well protected in any of your financial investments around the world.
