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4 Tips for Navigating LLCs and Trusts - Slideshow

High net worth clients are not always properly insured. Find out how to make sure they receive the right coverage.

By Hannah Bender | Updated on August 22, 2013

The use of limited liability companies (LLCs) and trusts is on the rise, with nearly a 35 percent increase since 1983, according to the IRS, with much of that growth from high net worth individuals.

Trusts can help clients minimize taxes, avoid probate and ease the transfer of other assets. By incorporating personal assets and liabilities under an LLC, high net worth families can separate themselves from their assets, serving as a shelter for debt, taxes and philanthropic endeavors.

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