New York has its own state estate tax with a cliff provision that can vaporize an entire exemption on a single dollar over the threshold. Here is what that costs your family — and what the Dynasty Bridge Trust™ does about it.
Asset protection strategies for real estate investors in New York.
Bankruptcy doesn’t give you a fresh start — it gives a trustee control of your assets and uses them to pay your creditors. Asset protection, built before the threat arrives, keeps your assets in your hands while you negotiate on your terms. This article breaks down the real difference, what the statutes say, and what three landmark cases — Grant, Solow, and Anderson — tell us about how this plays out under real enforcement pressure.
What is the difference between NY Irrevocable Spousal Trusts and Asset Protection Trusts
New York’s New York’s EPTL §7-3.1(a) makes self-settled trusts fully reachable by creditors. For high-net-worth professionals and real estate investors in New York, here’s what the law actually allows — and what structure actually works.
In the early 2000s, domestic irrevocable trusts were widely marketed as the go-to solution for asset protection. Promoted as a way to shield…
She had entities, a trust, and professionals at every stage. What she didn’t have was asset protection. When a tenant lawsuit produced a personal judgment, it reached every property, her brokerage account, and the assets inside her revocable trust.