A Personal Asset Trust, or PAT, is a type of trust you can create for a beneficiary that allows them to retain control of assets without legally owning them. The person you select is both the trustee and beneficiary of the trust, which means they can make decisions about how assets within the trust are handled and invested and who can receive the assets—within the boundaries of any legal provisions you create for the trust.

An estate planning lawyer can help you set up a Personal Asset Trust. A PAT isn’t your only choice, so it can be essential to consult with an experienced professional and ensure you understand all options before moving forward with estate planning.

The Benefits of a Personal Asset Trust

A Personal Asset Trust can provide peace of mind for you and flexibility and support for your beneficiaries, even after you’re gone. You choose who is the trustee and beneficiary of the trust, which can help protect assets from being taken from your beneficiaries. A PAT can protect assets from other family members, including spouses and creditors, in some situations.

Personal Asset Trusts can also help you leave assets for beneficiaries without causing them to lose government benefits such as disability or Medicaid.

Depending on your preferences for how beneficiaries receive and use assets you leave them, you can create provisions in a PAT that attach strings. Typically, a PAT will give the trustee discretion to make distributions to the beneficiary or the beneficiary’s children or grandchildren. Distributions made by a beneficiary who is acting as the trustee will be limited to an “Ascertainable Standard” as defined by the IRS. This means distributions are limited to those for reasons of Health, Education, Maintenance or Support (HEMS).

The person is still the trustee and may manage how the assets are invested, but they can’t legally take all the money out at one time if those are the rules of the trust. This can help you support responsible use of the legacy you leave behind while also increasing the chance there may be something left for future descendants such as grandchildren.

Example Use Case Scenarios for Personal Asset Trusts

There are many reasons someone might set up a Personal Asset Trust. How you create your estate plan is unique to you. Estate and trust administration has many traps for the unwary, and the best choices for your situation depend on a variety of factors, so consider consulting a professional before you make any decisions.

That being said, here are some hypothetical situations that might benefit from a Personal Asset Trust:

• You’re worried about divorce. Perhaps your child is married to someone and you personally don’t think the marriage will last. You’re worried that if your child inherits a large amount of money or other assets from you, that spouse will take half or more of it in a future divorce. Creating a PAT provides a means through which your child can manage the assets and benefit from them, but not legally owe them. That can protect them in the event of divorce. And if you end up being incorrect and the marriage lasts for many happy years, your child can use the assets in the trust for his/her own benefit as well as of a spouse and children.
• You’re concerned about creditors. In another scenario, a child may have incurred a lot of debt or have liability as a result of a judgment. If the child inherits anything of value, creditors may sweep in to take it. Setting up a trust can shelter the assets from creditors while also allowing your child the ability to fully enjoy an inheritance without the risk of it being taken by a creditor or even a bankruptcy court.
• You don’t trust someone’s money-management capability. Maybe you’re not worried about divorce or current creditors, but you’re not confident in the money-management abilities of your heirs. If they spend money as fast as they get it, you may want to set up a trust that gives them some control but limits how fast they can withdraw and spend money.
• You want to ensure your grandchildren get something when they’re adults. You can set up a trust that helps protect your legacy, potentially ensuring that there is something left for your grandchildren when they come of age. For example, you might create a PAT and have your adult child be the trustee and beneficiary with a provision that at the death of your child the assets in the trust will automatically pass to your grandchildren (ie. the children of that child).
• You want your assets to be out of the estate tax system for multiple generations. Assets passed through a revocable trust to a Personal Asset Trust will be subject to estate taxes at your death, but will not be included in the taxable estate of your heirs. In most states assets left in a PAT will be exempt from estate taxes for about 3 generations or about 100 years. In a few states a PAT can go on indefinitely.

Why You Should Take Time to Make an Estate Plan Now

If you don’t make an estate plan to direct how your assets are handled after your death, the courts will follow state law in handling probate and determining who gets what. For example, if you don’t have a will that appoints someone as personal representative of your estate, the court will appoint a personal representative to act in that capacity, and it may not be the person you would choose.

While the law certainly isn’t meant to strip you or your beneficiaries of your rights, courts can’t know your preferences and wishes unless you put them in formal documents via estate planning.

Working With an Experienced Estate Attorney

By working with an experienced estate law attorney, you can understand all your options and make the right decisions for you and your beneficiaries. You can also ensure that your wishes are recorded in a legal manner, which increases the chance that they are followed and reduces stress for your heirs.

Start planning your estate today. Contact Boyd & Boyd, P.C. today.

What Does a Successor Trustee Do? A successor trustee must legally act in the best interest of the trust and its beneficiaries. Their responsibilities may include. The successor trustee makes sure that the assets are well-invested and secured for the future. Giving assets to the beneficiaries as specified in the terms of the trust. Filing an estate tax return and paying estate tax when due. Keeping a record of what money comes to trust and how it is spent. Making important decisions while complying with federal and state laws? Always a good idea. Choosing the right person or entity is important because successor trustees have a lot of power over assets.

One of the most important decisions to make in estate planning is choosing a trustee. When you make a revocable trust, you choose a Trustee (often yourself) and a successor Trustee. This article will discuss the factors to be considered in choosing the best trustee to serve as a successor trustee. If you were to create a revocable trust, you would (most likely) choose a Trustee (that will be you) and a successor Trustee. This post will discuss the considerations for choosing the best Trustee to act as a successor Trustee. Choosing the wrong one can cause mismanagement, legal issues and family disputes. So, who should you choose as your successor trustee? Let’s look at the important things to keep in mind, the kinds of trustees and common mistakes.

So, who should you choose as your successor trustee? Let’s explore the key factors to consider, the different types of trustees, and common mistakes to avoid.

What Does a Successor trustee Do?

A successor trustee must legally act in the best interest of the trust and its beneficiaries.  Their responsibilities may include:

 ✅ The successor trustee makes sure that the assets are well-invested and secured for the future.
✅ Giving assets to the beneficiaries as specified in the terms of the trust.
✅ Filing income and estate tax return and paying income and estate tax when due.
✅ Keeping a record of what money comes to trust and how it is spent.
✅ Making important decisions while complying with federal and state laws

Choosing the right person or entity is important because successor trustees have a lot of power over assets.

Key Qualities of a Good Successor Trustee

Not everyone is suited for this role. The ideal successor trustee should have:

1. Financial & Investment Knowledge

The successor trustee has to supervise the assets, make investment decisions, and ensure the long-term financial health of the trust. Although they do not have to be an expert, they should have some financial experience, or at least be open to working with experts.

2. Trustworthiness & Integrity

The successor trustee must manage a large amount of assets and act in the best interest of the beneficiaries while following the terms of the trust at all times and without bias or personal gain.

3. Impartiality & Fairness

If multiple people are inheriting from the trust like your siblings, your successor trustee will need to treat all parties equally. This will require making impartial decisions despite how family dynamics may be complicated.

4. Strong Organizational Skills

Future trustees must manage financial affairs and taxes and legalities. The successor trustee who is not organized or detail-oriented can easily add thousands of dollars in penalties and legal fees to your estate.

5. Legal & Tax Knowledge (or Access to Experts)

The rules about tax and estates is very complicated and a successor trustee must have the knowledge about it to do it properly or have the foresight to hire accountants and attorneys when required. A professional trustee might be a better option for big estates.

Types of Successor Trustees: Who Should You Choose?

You have several options when selecting a successor trustee.

1. Individual Successor Trustee (Family Member or Friend)

Many people choose a family member, such as a spouse, child, or trusted friend.

✅ Pros:
    ✔️ Personal understanding of family dynamics.
    ✔️ Often no trustee fees (but they are entitled to compensation).
    ✔️ More flexible than an institution.

❌ Cons:
    ✖️ May lack financial and legal expertise.
    ✖️ Potential for family conflicts if disputes arise.
    ✖️ Could become incapacitated, unavailable, or unwilling to serve.

2. Corporate Successor Trustee (Bank, Trust Company, or Law Firm)

Corporate successor trustees provide professional estate and trust management services.

✅ Pros:
    ✔️ Impartial and objective decision-making.
    ✔️ Expertise in investment management, tax strategies, and legal compliance.
    ✔️ Won’t become incapacitated or pass away.

❌ Cons:
   ✖️ Fees (usually a percentage of trust assets).
    ✖️ May not have the personal understanding of family values and wishes.

📌 Want to learn more about successor trustee and executor services? Check out Boyd & Boyd, P.C.’s professional trustee services.

3. Successor Co-Trustees (Combination of an Individual & a Corporate Trustee)

Some estate plans appoint both a family member and a corporate trustee.

✅ Pros:
   ✔️ Balances personal involvement with professional expertise.
    ✔️ Reduces potential family disputes.
    ✔️ Adds accountability and oversight.

❌ Cons:
    ✖️ More complex structure, which could slow down decision-making.
    ✖️ Higher administrative costs.

4. Further Successor Trustee (Backup Trustee)

Regardless of your choice, always name a backup trustee in case your primary successor trustee is unable or unwilling to serve.

Common Mistakes to Avoid When Choosing a Successor Trustee

🚫 1. Choosing a Successor Trustee Based on Emotion Instead of Qualifications
It’s tempting to pick your oldest child or closest friend, but if they lack financial or legal expertise, it could lead to costly mistakes.

🚫 2. Ignoring Potential Family Conflicts
If you name one child as successor trustee and not the others, this could create resentment or disputes.

🚫 3. Not Naming a Backup Trustee
Without a further successor trustee, your estate could face legal issues or require court intervention to appoint one.

🚫 4. Not Considering a Professional Trustee for Complex Estates
If your estate involves real estate, investments, or a business, a corporate trustee may be a better option.

🚫 5. Failing to Review Your Successor Trustee Choice Over Time
Your family dynamics and financial situation may change. Reassess your successor trustee selection every few years.

📌 Looking for additional asset protection strategies? Read about the Personal Asset Trust℠ to ensure your heirs’ inheritance is protected.

Final Thoughts: Who Should You Choose?

• For smaller estates and simple financial situations, a family member may be the best choice.
• For larger estates with significant investments, a corporate successor trustee provides stability and expertise.
• For a balanced approach, consider successor co-trustees who combine personal insight with professional knowledge.

Your estate plan should reflect your wishes while ensuring your loved ones are cared for. The best way to make an informed decision is to consult an experienced estate planning attorney.

📞 Need help choosing the right successor trustee? Contact Boyd & Boyd, P.C. at (508) 775-7800 for a free consultation today!

You’ve worked hard to accumulate assets throughout your life, so why not work just as hard to protect them while going through the estate planning process? With help from a trusts lawyer in Cape Cod, you can secure the protection you need to keep your assets safe for years to come.

So, what exactly is a trust, and how might one benefit you as you take part in estate planning? Continue reading to discover more about trusts and to gain a better understanding of why they’re such powerful estate planning tools.

What Are Trusts?

Surveys have shown that about three-fourths of Americans who go through estate planning create wills rather than trusts. Under 20% of people put together trusts during estate planning. Yet for most families, revocable trusts are the better estate planning choice, especially when their net worth exceeds only $140,000. Because not everyone knows what trusts are, let’s begin by breaking them down.

Trusts are financial tools designed to help people transfer wealth, avoid probate, reduce taxes and protect the assets they’ve accumulated throughout their lives. With assistance from a trusts lawyer in Cape Cod, you can put everything from bank accounts to real estate and even cryptocurrency into trusts for safekeeping. Doing so provides a unique level of protection that may not otherwise be available to you.

When you create a trust, you’ll appoint a trustee to manage the assets owned by the trust. But with many trusts you may continue to be the trustee – keeping control and access to the assets you place into the trust. With other types of trusts, you appoint someone else to be the trustee.  Depending on how the trust is written, it may be possible to protect these assets so creditors and others who might seek to file legal claims against you will be unable to access them easily.

Which Types of Trusts Are Right for Estate Planning?

While trusts can serve as invaluable estate planning tools, it’s worth noting that not all trusts are created equal. For example, a revocable trust is a type of trust that you can make changes to over time, while an irrevocable trust can not be amended by the person who creates the trust (although under modern trust law, it is possible for someone else to amend the trust).

The following are other types of revocable trusts or trust provisions you might want to think about using during estate planning with help from a trusts lawyer in Cape Cod:

• Personal Asset TrustTM
• Optimal Basis Increase TrustTM
• IRA Inheritance TrustTM

These are special types of Irrevocable Trusts that are used for specific goals or purposes:

• Capital Gains Avoidance Trust
• Charitable Remainder Trust
• Domestic Asset Protection Trust
• Spousal Limited Access Trust
• Irrevocable Life Insurance Trust
• Qualified Personal Residence Trust
• Grantor Retained Annuity Trust
• Grantor Retained Income Trust
• Health Education Exemption Trust
• Family Bank Trust

Not all of these trusts are ideal for every estate plan, but at least a few can deliver the protection you & your family may want. Using trusts for estate planning can also eliminate the need for the probate process in the aftermath of your death and ensure your beneficiaries can access your assets more quickly than they could otherwise.

How Can You Set Up a Trust During Estate Planning?

Trusts are hugely beneficial to most families. But there are specific requirements on how they must be created. And the rules for what should go into a trust can be tricky. For this reason, it’s smart to hire a reputable trusts lawyer in Cape Cod to help you set one up.

An experienced lawyer can determine which types of trusts would work well for you based on your current financial situation. They can also work through the process of establishing a revocable or irrevocable trust and show you how to take full advantage of it once it’s in place.

Contact Us To Speak With a Trusts Lawyer in Cape Cod Today

More people should consider using trusts for estate planning. If you are one of them, a trusts lawyer in Cape Cod from the Law Offices of Boyd & Boyd, P.C., can help you every step of the way. Give us a call at (508) 444-9688 to schedule an informative estate planning consultation.

Is It Possible to Preserve Generational Wealth in Trusts Forever?

In most cases, trusts must have some sort of expiration date. Only a few states allow trusts to go on in perpetuity, and in most cases, that only works in very specific cases even in those jurisdictions. However, you can still use dynasty trusts for benefits such as avoiding estate taxes and protecting wealth across multiple generations.

What Is a Dynasty Trust?

A dynasty trust is a trust designed to hold assets across multiple generations. Because the assets remain the property of the trust—and are not transferred into the ownership of heirs and beneficiaries—they remain protected against estate tax burdens, creditors, divorces and financial mismanagement by certain heirs

For example, imagine a situation where the grandfather in a family has plenty of wealth to pass on. However, he is concerned that future events might impact the wealth he will leave his adult child – events like a divorce, lawsuits resulting from accidents, etc. His worry is that there may be nothing left to pass on to grandchildren or great-grandchildren if he leaves assets directly to his child. That causes him to create a dynasty trust.

Historically, a Dynasty Trust is set up where there is a professional trustee, like a bank or a trust company. The trustee manages the assets in the dynasty trust according to the trust’s provisions. The Trustee will decide how much income and/or principal will be disbursed to the adult child and, later, the grandchildren and great-grandchildren. However, none of those people own the assets (because the trust owns the assets). They also do not have access to the trust assets outside of allowed distributions, so the adult child who may not be good with money cannot put all the assets at risk in the future.

Today, however, Dynasty Trusts are far more flexible. They can be set up in ways that offer the children, grandchildren and great-grandchildren far more control over the inheritance, without the requirement of a professional trustee. The Personal Asset TrustTM and the IRA Inheritance TrustTM are both a type of Dynasty Trust.

How Long Can a Trust Last in Massachusetts

Massachusetts has a common law and a statutory rule against perpetuities – both rules follow centuries old law that requires a trust to have an ending date. Consequently, trusts in most states cannot protect assets forever. Otherwise, individuals could use these trusts to protect wealth from certain taxes forever.

The rule in Massachusetts is that the trust must end 21 years after the death of the last beneficiary who was alive at the time the trust was created. Consider a hypothetical example to understand how long a dynasty trust might protect generational wealth for an affluent family:

• Edward wants to set up a dynasty trust to protect wealth for his children and other descendants.
• Edward is 67 years old and has two adult children: Robert is 42, and Tracy is 35.
• Robert has three children aged 22, 19, and 17.
• Tracy has two children aged 12 and 10.
• Robert’s 22-year-old also has a child, age 1.

Edward names all of these people as beneficiaries in the trust he creates. He might also create provisions that add other grandchildren or great-grandchildren as they are born, but the age of the trust depends on when the above people pass away.

Imagine that the 1-year-old listed above is the last person alive of those who were alive at the time the trust was created. If this person lives to age 95, the trust would last 21 additional years. All in all, the trust would protect the family’s wealth for 115 years.

What Are Some Benefits of a Dynasty Trust?

One of the biggest benefits of a dynasty trust is that it can help you protect assets against your heirs’ creditors, bankruptcies, divorcing spouses or other claims. Some trusts also allow you to have a say in how wealth is used or managed in the future, even when you are no longer able or present to give such direction yourself.

Another benefit of a dynasty trust is that it allows affluent families to avoid being hit with sizable estate taxes when transferring assets between generations. You do need to consider the implications of taxes and other financial matters when you first fund the trust. You may also need to consider income tax and other implications related to disbursements, and an experienced trust attorney can help you think long-term to maximize protections and savings.

Are There Any Downsides to a Dynasty Trust?

To provide the type of immediate and ongoing protection described above, dynasty trusts must be irrevocable. For this reason many families use revocable trusts while they are alive. After the person who created the trust dies, the trust becomes irrevocable – and it is at this point families have the trust act as a dynasty trust. It used to be very difficult to make changes to this type of trust, but that is not the case anymore. Dynasty trusts can be written so that they can be amended after they become irrevocable. But it is still important to consider your goals and the implications of the trust on future generations.

Those considerations necessarily require you to make educated guesses about future family finances and needs. An estate law team can help you approach this task by looking at the big picture and then considering how every detail might be relevant within that comprehensive outlook.

What Other Types of Trusts Might Help Safeguard Generational Wealth?

Other types of trusts might also help you safeguard wealth for future generations. Options can include Capital Gains Avoidance Trusts, Irrevocable Life Insurance Trusts, and Spousal Lifetime Access Trusts.

Each type of trust supports different financial goals and has different mechanisms to protect your assets. Understanding which trusts are right for you and your family is critical to being able to plan ahead appropriately and protect generational wealth. You may find that you need more than one type of trust to protect your assets.

Work With the Team at Boyd & Boyd to Protect Your Wealth

The experienced estate law team at the Law Offices of Boyd & Boyd, P.C., can provide the insight you need to understand trust options and what might work best for your family. To find out more about our services and schedule an appointment to get started with trust creation, give us a call at 508-444-9688.

How Can Trusts Shield My Wealth from Legal Disputes?

Trusts stand as a bulwark in the preservation of family wealth, particularly against legal disputes. Focusing on the Personal Asset Trust™ and IRA Inheritance Trust™ offers a nuanced view of how these instruments can fortify an estate planning strategy. The key to a successful estate plan is understanding and implementing a plan that takes advantage of the difference in leaving assets “For” your loved ones and not leaving assets “To” them.

Personal Asset Trust™: A Fortress for Beneficiaries

The Personal Asset Trust™ (or PAT) is a revolutionary tool designed to extend beyond the basic protection offered by traditional trusts. It ensures that assets passed to beneficiaries remain secure from potential creditors, legal judgments, or even divorce proceedings. This trust acts as a robust barrier, offering a way to protect the inheritance from external claims without compromising the beneficiary’s access to their inheritance assets. In essence, with the PAT you choose to leave assets in a trust for your heirs, yet allowing the primary beneficiary to be in control of the trust share s/he inherits.

IRA Inheritance Trust™: Safeguarding Retirement Assets

The IRA Inheritance Trust™ offers a strategic means to protect retirement assets inherited by beneficiaries. Instead of naming the beneficiaries as the direct recipient, retirement funds name the IRA Inheritance Trust™ as the beneficiary, again, offering a protective shield against creditors and legal disputes. This not only secures the retirement assets but can also manage the distribution according to the grantor’s wishes while at the same time giving control to the beneficiary, providing both protection and financial advantage. Similar to the PAT, by naming a trust as the beneficiary of a retirement account, you are giving your loved ones a way to protect the inherited retirement account, because it does not belong to the beneficiary. Instead it is held for the beneficiary by the trustee (who is often also the beneficiary).

LLCs: Complementary Protection

Incorporating Limited Liability Companies (LLCs) into an estate planning strategy can add another layer of protection. LLCs can be especially helpful when leaving the family vacation home to the next generation. LLCs can also be used to segregate personal assets from business ventures, minimizing the risk to personal wealth from business liabilities. This separation is crucial for affluent families involved in business activities, ensuring that the family’s wealth is insulated from potential business-related legal challenges.

Do I Have to Be Proactive About Estate Planning?

Estate planning goes beyond dictating the distribution of assets posthumously; it is a strategic approach to managing assets throughout one’s life. It ensures that, upon death, assets are allocated as wished while safeguarding them from potential legal threats. Given the substantial assets affluent families possess, they are often more vulnerable to high taxes and legal disputes arising from creditor claims, divorce, or other legal proceedings. The Vanderbilt family is an example: Cornelius Vanderbilt, once considered the richest American, was worth around $95 million when he died in 1877. Less than a century later, when his descendants gathered for a family reunion in 1973, there was not a single millionaire among them.

The essence of effective asset protection lies in anticipation—setting up defenses before legal disputes emerge. Once a dispute is imminent, asset protection may be impossible. Early planning facilitates the strategic relocation of assets into protective entities such as trusts, greatly reducing the chance of legal entanglements. And in most states, an heir is not permitted to implement a plan to protect inherited assets from the claims of creditors or divorcing spouses once the inheritance is received.

How Do I Integrate Trusts and LLCs into a Comprehensive Estate Plan?

In the grand scheme of estate planning, incorporating Personal Asset Trusts™, IRA Inheritance Trusts™, and LLCs is not merely a defensive strategy—it is a forward-thinking approach that ensures your family’s wealth is preserved and passed on according to your wishes. Understanding the practical considerations and benefits of these tools can empower affluent families to make informed decisions about their estate planning endeavors.

Practical Considerations:

When integrating these asset protection tools into your estate plan, consider the nature of your assets, your family’s future needs, and potential legal vulnerabilities. For instance, the Personal Asset Trust™ is particularly beneficial for families with significant real estate or investment holdings, offering a way to protect these assets while providing for future generations. Similarly, the IRA Inheritance Trust™ is crucial for those with substantial retirement accounts, ensuring these funds are protected from divorces and creditors, and, if needed, that the funds are managed according to the grantor’s wishes.

It’s also worth developing plans to fight small claims lawsuits that may be brought against you by creditors. While these cases may not seem too financially concerning, they can be time-consuming and set a precedent for additional claims. Services like JusticeDirect provide useful resources to help asset holders navigate small claims issues.

Benefits of a Holistic Approach:

Adopting a holistic approach to estate planning by utilizing these trusts and LLCs offers several benefits:

Enhanced Protection: These tools collectively provide a robust defense against potential legal threats to your family’s wealth.

Flexibility and Control: They allow for greater control over how and when assets are distributed to beneficiaries, ensuring your legacy is honored.

Peace of Mind: Knowing that your estate plan includes comprehensive measures to protect your family’s assets can offer unparalleled peace of mind.

By thoughtfully integrating Personal Asset Trusts™, IRA Inheritance Trusts™, and LLCs into your estate plan, you are not just safeguarding assets—you are securing your family’s future and ensuring that your legacy endures through the generations. With the guidance of experienced estate planning attorneys, affluent families can navigate the complexities of asset protection with confidence, crafting a legacy that withstands the test of time.

Trusts in Action: Real-World Applications

Protecting Inheritance from Creditors

Consider a family wanting to protect their estate from potential future creditors of their heirs. By establishing a Personal Asset Trust™, they can ensure that their children’s inheritance is shielded, allowing the heirs to benefit from the assets without the risk of future financial disputes affecting their inheritance. While most families have confidence in their childrens’ ability to manage an inheritance, a simple accident can create significant liability – often for millions of dollars, placing any inheritance at risk.

Securing Retirement Benefits

For a family wishing to protect retirement funds, the IRA Inheritance Trust™ becomes a pivotal tool. It ensures that upon the grantor’s passing, the retirement assets are transferred into this trust, giving families a tool to safeguard them from claims and allowing for controlled distribution to beneficiaries.

Do I Need Expert Guidance?

The complexity of trust planning and asset protection necessitates professional advice. Estate planning attorneys navigate the legal intricacies, tailor strategies to specific family needs, and anticipate and mitigate risks. In a constantly changing legal and financial environment, having an experienced attorney by your side offers not just a strategic advantage but peace of mind.

As the landscape of asset protection evolves, so too must the strategies employed. The advent of digital assets and changing legislation highlight the need for flexibility and adaptability in estate planning. Regular reviews and adjustments with the guidance of experienced attorneys ensure that asset protection measures remain effective and aligned with the family’s goals.

Trusts, particularly the Personal Asset Trust™ and IRA Inheritance Trust™, along with the strategic use of LLCs, offer affluent families robust solutions to protect their assets from legal disputes. Partnering with experienced attorneys ensures that these tools are effectively utilized, safeguarding the family’s wealth and legacy for future generations. To start working on a comprehensive asset protection strategy today, reach out to the Law Offices of Boyd & Boyd.