provides information about the topic of asset protection, how assets can be protected, the use of family limited partnerships for asset protection, why you need to protect your assets, insurance and exempt property considerations, etc.
This form may be used to ascertain what assets should be protected. Have the client complete the form, then determine what assets are exempt and in need of protection.Click here to view sample
This form provides information to the client on the purpose of a will, defines some of the terms used in estate planning, and discusses the consequences of dying without a will in Texas.Click here to view sample
Letter to a client explaining the concept of asset protection
This form explains the concept of asset protection. It covers many topics that are included in the decision to form a family limited partnership. The letter covers the following important topics: the definition of asset protection, the sources of financial disaster, what assets should be protected, how to own property and the pitfalls of each type of ownership, pitfalls and traps in asset protection such as the Fraudulent Transfers to Creditors Act, types of insurance the client should obtain, what property is exempt from collection by general creditors under the Texas and Federal, exemptions, what the client should know about bankruptcy, what the client should know about probate, trusts, including Living Trusts, why the family limited partnership should be considered, and problems in keeping the protection of a corporation’s status.
Certificate Of Formation For Family Limited Partnership & Filing Letter With The Secretary Of State's Office
The following letter and certificate of formation may be used to file the family limited partnership with the Secretary of States office. In order for the family limited partnership to be effective, the certificate of formation must be filed with the Secretary of States office and the filing fee paid.
This limited partnership agreement is designed to provide protection to the family members and safeguard assets while still giving management control to the general partner.Click here to view sample
How To Operate A Family Limited Partnership
This letter explains how a trust or family limited partnership should be operated for a asset protection family limited partnership or estate planning purposes. The letter helps the client administer his/her trust or family limited partnership.Click here to view sample
This form is used to verify that the law firm has confirmed that no conflicts of interest exist with the client. If one does, then the proper actions have been taken to disclose or avoid the conflict. The form includes letters to advise of the conflict, accept or reject the legal work.Click here to view sample