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AICPA ENGAGE 2019


TAX1905 - Asset Protection


Jun 11, 2019 1:25pm ‐ Jun 11, 2019 2:40pm

Standard: $49.00

Description

Once one has succeeded in accumulating wealth, one's attention must turn to ensuring that such wealth is preserved for the benefit of oneself and one's family. In our highly litigious society, every business person, professional and high net worth individual is at risk. Asset protection planning is the process by which one can insulate one's wealth from attack by potential future creditors. Importantly, the key to successful wealth preservation, including asset protection, is advance planning. In this session you will learn of a number of proven planning methods, including the advantages and risks connected with each approach, with special emphasis placed on the use of so called "asset protection trusts". Attention will also be given to recent developments in the law and emerging trends in this continually evolving field. 

Learning Objectives:

  1. Attendees will learn of a number of proven methods for successful asset protection planning, including the advantages and risks connected with each approach.
  2. Attendees will learn about "self-settled spendthrift trusts" (also known as "asset protection trusts"), and how they might be used both onshore and offshore to protect a client's assets against the claims of potential future creditors.
  3. Attendees will learn about the law of fraudulent transfers, and when asset protection planning done wrong, and at an inappropriate point in time, might be found to be unethical or even worse.

Speaker(s):

  • Dan S. Rubin, J.D., LL.M. (Taxation), Partner, Moses & Singer LLP

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