Wealth Counselor July 2018  Like us on Facebook Follow us on Twitter View our profile on LinkedIn
Dear Friends, 
Summer is here! This means hot dogs, ice cream, and (hopefully) relaxing by the beach. Summer is also a great time for clients to review their financial goals. If your clients are interested in protecting their assets from lawsuits and creditors, there are legal solutions that can be part of their financial plan and their estate planning portfolio. In this article, we discuss how your clients can have peace of mind knowing their assets are safe so they can reach their financial goals. 

Happy reading!
Join us for our Fall Continuing Education Program!

Wealth Preservation for Virginians

We will be offering three hours of CE credit  for Insurance-Laws and Regs (pending), Enrolled Agents, CFP, and CPAs at three locations!

The following points will be discussed in detail at the three-hour workshop:
  • Sources of legal and financial liability in today's litigious environment, as well as ways to protect yourselves and your clients from liability.
  • How the different forms of business ownership, retirement planning, and income tax planning can be used for asset protection.
  • How the use of life insurance can be used as one of the tools in the planning process.
Virginia Beach 
Date: September 19, 2018 
Time: Breakfast at 8:30 am and program 9 am - 12 pm
Location: Founder's Inn

Date: October 9, 2018
Time: Lunch from 12:15 and program 1 pm - 4 pm
Location: Farm Bureau 

Date: October 23, 2018
Time: Breakfast at 8:30 am and program 9 am - 12 pm
Location: TBD

Minimizing Risk: Should a Virginia
Domestic Asset Protection Trust
Be Part of Your Client's Estate Plan?
Many clients wish for you as their financial advisors to minimize their exposure to risk. They trust you to use your expertise and experience to navigate them through stock market crashes and market volatility so that they meet their financial goals. But how can you protect clients from the risk of a lawsuit?

            Certain financial products offer some protection, but these solutions are not always enough or do not fit a client's particular needs. We cannot prevent our clients from being sued, but there are legal solutions that can work with a client's overall financial plan to minimize the risk of a future lawsuit and give clients peace of mind. One of these legal solutions is a "domestic asset protection trust" (hereinafter referred to as a "DAPT").   DAPTs have many appealing features but are not ideal for every client. This article will provide general information about DAPTs so that you can add a valuable, alternative solution for clients who desire to maximize their asset protection.

Richmond and Williamsburg friends!

Tune into Raising the Bar Law Talk Radio Show on Wednesday, August 8, 2018 at 9AM! Attorney Stephen M. Watson will be discussing Estate Planning. Like us on Facebook and be notified when the live stream begins!


U.S. Treasury Department Regulations require that we advise you that, unless otherwise expressly indicated, any federal tax advice contained herein is not intended or written to be used, and may not be used, for the purpose of (i) avoiding tax related penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any tax related matters addressed herein.



Carrell Blanton Ferris & Associates, PLC