Affinity Asset Protection

Real Estate Investment Network, Inc. Presents by Gust G. Sarris, M.B.A., J.D. Affinity Law Firm, P.L. Tidal Title, L.L.C. September 6, 2007 Asset Protection

Who am I? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Disclaimer ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

What is an asset (to most)? ,[object Object],[object Object],[object Object],[object Object],[object Object]

Protection? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Insurance Protection? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Balances in life… ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Company Protections ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Why form an “entity” ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

A “Legal Entity” should have: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Do I really Need all that??? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

LLC vs Corporation ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Not a Good Structure Sole Proprietor Or “ Owneer”

A Good Structure ,[object Object],[object Object],[object Object],[object Object],Major Pitfall You can be sued as a company and an individual

YOU PARTNER LLC Or Corporation A Good Structure

Better Structure ,[object Object],[object Object],[object Object]

YOU PARTNER LLC Hold ALL Assets No outside Business Business #1 Corp or LLC Better Structure Business #2 Corp or LLC Business #3 Corp or LLC

Questions on Companies (904) 398-9510 www.affinitylawfirm.com

[object Object],[object Object],[object Object],[object Object],[object Object],Estate Plans We all need one!

Wills ,[object Object],[object Object],[object Object],[object Object]

Questions on Wills (904) 398-9510 www.affinitylawfirm.com

[object Object],[object Object],[object Object],[object Object],[object Object],Trusts

Trusts Overview What they are How they work Benefits

Most CommonTrust Terms ,[object Object],[object Object],[object Object],[object Object],Mini - Disclaimer This is an overview of the type of Trusts and not designed to give you the complete knowledge of tax benefits and your unique situation. This presentation is to familairze you with some common trusts only.

Real Estate Trusts ,[object Object],[object Object],[object Object],[object Object],[object Object]

What they are? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Living Trust Revocable control of assets Estate Beneficiaries Receive Assets from trust and surviving spouse Owner Transfers Assets to Trust Managed According to Owner’s Desires Estate Disposition A surviving Spouse may have use of assets Upon the death of the estate owner, assets pass easily without probate Plan may include marital deduction and remainder trusts to limit estate taxes in ultimate transfer to beneficiaries

Smith Estate $4,000,000 Spouse Receives $2,000,000 in assets Distribution Recipients Beneficiaries Receive Assets from trust and surviving spouse Marital Deduction Portion Controls all assets $2,000,000 exemption amount passes to trust Spouse receives income and support from this trust Upon surviving spouse death, assets pass estate tax free to beneficiaries Upon Death, assets pass to beneficiaries Using trust for exclusion amount limits impact of estate taxes

Let me Stray off the Subject Most common trust problem! ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

ALL Questions? (904) 398-9510 www.affinitylawfirm.com

Thank You! Gust G. Sarris Affinity Law Firm, P.L. Tidal Title, L.L.C. (904) 398-9510 www.affinitylawfirm.com

Affinity Asset Protection

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