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William R. Simon, Jr., Esq.

Explore insightful articles by William on Sollertis covering diverse topics. Gain valuable knowledge and insights for personal and professional growth.

Pieces of the puzzle: (Family) Limited Partnership

The limited partnership (LP) is a popular type of business entity for managing wealth among both family members and investment groups. The LP has a host of advantages, including tax reduction and the efficient transfer of wealth from one generation to the next. More recently, it has become an integral part of asset protection planning.

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The home sale income tax exclusion and asset protection

Asset protection is not about hiding your wealth from the IRS to avoid paying taxes. However, a comprehensive asset protection plan takes into account all legal avenues of protecting your wealth. Sometimes, you can use asset protection in conjunction with tax reduction strategies to maximize your benefits. One example of this is the income tax

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What distinguishes a great asset protection plan?

If you’re looking for true financial freedom and peace of mind, the importance of asset protection can’t be overstated. But what makes for a great asset protection plan? How do you wade through the abundance of options out there, all claiming to be the best? Other than the most obvious qualification (that it works!), there

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Introduction to asset protection

Wealth serves different purposes for different people. That purpose may be living a comfortable lifestyle, supporting charitable causes, providing for your family (now and after you’re gone), or reaching a variety of other goals. But what wealth means to everyone who has worked hard (and invested wisely) to achieve it is this: Financial freedom. Financial

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What does financial freedom mean to you?

Wealth serves different purposes for different people. That purpose may be living a comfortable lifestyle, supporting charitable causes, providing for your family (now and after you’re gone), or reaching a variety of other goals. But what wealth means to everyone who has worked hard (and invested wisely) to achieve it is this: Financial freedom. Financial

What does financial freedom mean to you? Read More »