Archive for May 31st, 2007

When planning your estate,what costs more, a will or a trust? Since an attorney
can prepare an average will for $400 to $500 and set up an average trust for
about $2,000 to $2,500, your decision is made, right?

But wait, there is more to it! You don’t have to be a CPA to figure that it
costs five times more to set up the average trust than the average will. The
key words here are set up. The prices I just quoted are for exactly
thatsetting up your will or trust. Those up-fr (more…)

Under the Uniform Fraudulent Transfer Act you would be committing a crime, see Section 19.40.041: “…(a) a transfer made or obligation incurred by a debtor is fraudulent as to a creditor whether the creditor’s claim arose before or after the transfer was made or the obligation was incurred, if the debtor made the transfer or incurred the obligation: (1) with actual intent to hinder, delay, or defraud any creditor of the debtor…”

WHAT IS FRAUDULENT CONVEYANCE?

Fraudulent conveya (more…)