Asset Protection Planning

In Apperson Crump’s Tax and Estate Planning Practice Group several of the attorneys practice in the area of Asset Protection Planning.  They help clients protect their assets from future lawsuits, creditors, divorce proceedings and predators.  The asset protection strategies they use to achieve these results include Limited Liability Companies (LLCs) and in particular the Wyoming Close LLC, Domestic Asset Protection Trusts (DAPTs) and in particular the Wyoming DAPT and the Tennessee version of a DAPT, called an Investment Services Trust, Qualified Personal Residence Trusts (QPRTs), Equity Stripping, which involves stripping the equity out of a piece of real estate and putting that equity into an LLC and various testamentary trusts which protect the inheritance they leave to their surviving spouse, children, grandchildren and other loved ones after the client dies 

 

Cecil Smith, a member of the firm and one of the lawyers in the Tax and Estate Planning Practice Group does much of the asset protection planning for the firm and is licensed to practice law in Wyoming and in Tennessee.  Cecil is also the co-author with Wyoming attorney, Carol Gonnella, of two books about the Wyoming LLC.  One book is the The Wyoming Close LLC KIT, which sells for $1995 and is sold primarily to other estate planning attorneys and the other book is the The Wyoming LLC Manual, which sells for $295 and is also sold primarily to other estate planning attorneys.  Both books are published and sold by Teton Publishers, LLC, of Jackson Hole, Wyoming.

 

Cecil is invited several times each year by educational organizations to travel around the country to teach with his Wyoming colleague, Carol Gonnella, to teach classes about asset protection planning and Wyoming LLCs to other estate planning attorneys.

 

 [learn more about the 7 Tiers of Asset Protection Planning]

[learn more about Estate Planning and Living Trusts]

 

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