As an asset protection specialist, here are 5 things I would NEVER do—and neither should you if you care about protecting your family and your legacy:1️⃣ Never leave assets directly to your children when you die – it exposes them to lawsuits, divorce, and creditors.2️⃣ Never put your children’s name on the deed to your home – it could disqualify you from Medicaid and trigger huge tax consequences.3️⃣ Never add your kids to your bank accounts – it puts your money at risk and opens the door to lia

The Limitations of Single-Member LLCs for Asset Protection and Inheritance | Mark Lewis