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The Kuvasz Tax & Family Trust wants you to
be accountable to those who have provided
for you; Not to those who want to prey on you.
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THE NEED | HISTORY | RISK | AFFILIATES | CASE LAW | ASSET PROTECTION | DEFINITION |
 DEFINITION/ TERMS
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| Beneficiary: |
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The person or persons entitled to receive the benefits derived from the trust property.
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| Estate Planning: |
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The planning of the accumulation and disposition of one's property before or after death.
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| Fradulent conveyance: |
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Transfer of assets with the intent to defeat, hinder, delay, defraud creditors and is voidable.
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| Insolvency Report: |
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An analysis of the debt and assets of an individual or company.
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| Insolvent: |
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Unable to meet debt obligations.
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| Lay Trustee Service: |
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Professional services done by a company or individuals to act as trustee. The services provided can be record keeping, asset management, tax filings, payments of income and capital, beneficiaries reports, or other discretionary decisions.
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| Probate |
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The legal process in which a court oversees the distribution of property left in a will
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| Settlor: |
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The owner of the property and creator of the trust.
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| Trust: |
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A trust is not a separate legal entity. It is property holding and administration device. It is an arrangement under which money or other property is held by one person or company, often a trust company, for the benefit of another person or persons. These assets are administered according to the terms of the trust agreement.
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| Tax Shelter |
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Any technique which allows one to legally reduce or avoid tax liabilities.
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| Trust Financing: |
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Providing funds through borrowing to implement the Kuvasz Tax & Trust Solution and related products.
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| Trust Funding: |
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The process of transferring ownership of property to a trust.
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| Trustee: |
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The person or persons to whom the settler transfers legal ownership of the property and on whom the responsibility for administering the trust falls. The trustee may be an individual, corporation, officer of the courts, or government official. To learn more about the different types of trustees, click here.
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Call our "Professional Logistics specialist" partner:
The KUVASZ TAX & FAMILY TRUST today;
Have and keep an Estate to Plan!
Email: info@trustdogs.com
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OUR FIRM | OUR OFFICES | LEGAL |
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ISN'T MY ANNUAL INSURANCE ENOUGH...?
- If you are "wealthy", "comfortable" or even if you just have some positive net worth, most likely you are concerned about keeping what you have, and preventing others from taking it. This concern is real, as there are people who will take advantage of any opportunity to take what you have.
- If you are a physician you are aware of horror stories about colleagues who lost everything after being held liable for medical malpractice in amounts far beyond their malpractice insurance.
- Corporate and/or Estate planning enables you to employ protection techniques to prevent anyone from taking your assets. However, there are limitations as to what you can and cannot do. Insurance is the most common Corporate and Estate Planning technique. By "transferring" the risk to an insurance company, you can usually protect your assets. But even if you buy insurance, it might not cover all possible risks that you face, or the amount you buy might not be sufficient, or the insurance company may be able to deny the claim (perhaps it could claim there were misstatements made in your application), or the insurance company may become insolvent. Corporate and Estate planning helps you prepare for these "wild-card risks".
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More:
Tax Tips
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More:
Types of Trusts
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More:
Legal Trust Information
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