LLC Archives - Davis Schilken, PC

Gift Giving the Tax-Free Way

Dec 4, 2017

Although it’s the season of giving, no one wants to share with the IRS. Luckily, the law provides you many opportunities to give gifts to family, friends, and charities tax-free. Some are straightforward, while others may require the help of a professional. Your...

Do You Own Rental Property? How Proactive, Comprehensive Estate Planning Can Help

Nov 15, 2017

A comprehensive estate plan should address all of your assets. For most people, an estate plan must include three common categories: (1) your home; (2) financial accounts, like your checking and savings account; and (3) personal property. Other types of assets –...

Once Again, If Charging Order Protection Closes the Door to Asset Access by the Creditors, the Courts May Open Another Door

Sep 20, 2017

September 20, 2017 The use of a limited liability company can provide what is known as charging order protection against creditors of individual members who have assets inside the LLC. When the LLC can be shown to have a business, investment or marketing purpose...

The Double-Whammy’d Charging Order: Forget About Protecting the Assets in that LLC

Aug 21, 2017

August 21, 2017 Once again, the confidence one may have in relying on an LLC created in the United States as being the untouchable storehouse where assets can be safely tucked away, is misplaced. In the new ruling in the case of Peach REO, LLC v. Rice, Peach REO, LLC...

Cautionary Tale: Charging Order Upon Death of Debtor, Losing All the Limited Liability Company Asset Protection Benefits

Jul 20, 2017

July 20, 2017 The Delaware Chancery Court has now ruled on the continuing asset protection aspect of a charging order against assets in a 49% owned LLC. In that court case, a charging order had been obtained by a creditor who wanted to seize the assets inside of the...

« Older Entries

Gift Giving the Tax-Free Way

Do You Own Rental Property? How Proactive, Comprehensive Estate Planning Can Help

Once Again, If Charging Order Protection Closes the Door to Asset Access by the Creditors, the Courts May Open Another Door

The Double-Whammy’d Charging Order: Forget About Protecting the Assets in that LLC

Cautionary Tale: Charging Order Upon Death of Debtor, Losing All the Limited Liability Company Asset Protection Benefits

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