Congratulations! Your child just turned 18, they are an "adult" now, or at least in the eyes of the law. Don't let them leave the nest without asking them to sign two critical estate planning documents.
By now, most in the captive insurance industry know about the Cease and Desist Order issued last year by the elected Washington Insurance Commissioner (the “Commissioner”) to Cypress, Microsoft’s Arizona-domiciled captive.
The protection a limited liability company ("LLC") is called the "corporate veil." This article will address ways to make the veil more difficult to pierce.