Alan Macpherson is a Tacoma estate planning attorney with Gordon Thomas Honeywell. We have enjoyed working with him on estate and business planning issues for a few mutual clients.
Macpherson recently shared with us a couple of opportunities to provide an extra layer of meaningful risk protection to investors and self-employed individuals (particularly those with above-average liability, like physicians).
One idea is to form and fund an Alaska self-settled trust. Under the laws of most states (including Washington), a trust one establishes for one’s own benefit is not protected from claims. Alaska is one of few states that does give protection to “self-settled” trusts; Delaware is another. To be effective this must be done before large claims arise.
Another opportunity is to place assets in an Alaska limited liability company (LLC). Alaska’s laws give greater protection that do Washington’s, to the holder of an LLC interest who has claims against him or her.
For more information about the asset protection benefits of Alaska trusts and LLCs, please contact Alan Macpherson at firstname.lastname@example.org, or 253-620-6468.
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Posted in Estate planning, Financial planning, Legal
Tagged alan macpherson, alaska, alaska llc, alaska trust, attorney, claims, estate planning, gordon thomas honeywell, liability, limited liability company, physicians, risk protection, self-settled trust, Tacoma, Washington
Money Architects co-author and Brooks, Hughes & Jones partner Allyn Hughes has added the CERTIFIED FINANCIAL PLANNER™ and Chartered Life Underwriter designations to his list of credentials.
Each of these designations reflects an exceptional amount of time invested in education, exams and experience helping clients understand options for how to invest their money, protect their risks and pursue their goals.
Allyn joins Brooks, Hughes & Jones partners Nancy Jones and Gary Brooks as CFP® certificant. This means that Brooks, Hughes & Jones is the only independent Registered Investment Adviser in Tacoma with three CFPs on staff. We work together to provide clients with investment management and financial planning insight from three perspectives for the price of one advisor.
We provide wealth management services for individuals and families with at least $500,000 of invested assets. We limit the size of our client base to make sure that our clients receive adequate attention and access to our best combination of service and insight.
If you are looking for confidence in how your money is managed and comfort with the people who provide your advice, consider what Brooks, Hughes & Jones can do for you.
We help clients grow and maintain financial security in many ways:
- Retirement income planning (sustainable withdrawal rates, pension and Social
- Security maximization, required minimum distributions from qualified retirement
- plans, etc.)
- Managing Individual Retirement Accounts (IRAs)
- Understanding small business retirement accounts
- Planning for IRA rollovers from employer plans (401k, 403b, profit sharing, etc.)
- Determining college savings strategies
- Cash flow management
- Developing strategies to improve generational wealth transfer
- Identifying charitable giving opportunities
- Investment management for Foundations and Donor Advised Funds
- Custom asset protection strategies using life, disability and long-term care
In all cases, we adhere to the Ethics and Standards of Professional Conduct adopted
by the CERTIFIED FINANCIAL PLANNER™ Board of Standards.
Please visit our web site BHJadvisors.com or call 253-534-8888 for more information.
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Tagged Allyn Hughes, Certified Financial Planner, CFP, chartered life underwriter, ChFC, CLU, financial planning, gary brooks, income planning, insight, investment advisor, investment management, investments, IRA, Nancy Jones, retirement, RIA, risk protection, Tacoma, wealth advisors