Asset protection planning continues to be a challenging area of the law, and at the same time practitioners are seeing an increasing number of clients who require assistance to save taxes and provide for family needs through these strategies. This demanding area requires knowledge of property law, domestic and international tax law, estate planning, the law of trusts and estates, bankruptcy and debtor-creditor law, and more.
Since the original publication of Asset Protection Strategies in 2005, there have been many important and interesting developments addressed in this updated edition. This compendium brings together the knowledge of multiple experts in the field who share an in-depth, professional analysis and review of the key issues that lawyers and financial planning professionals face in advising clients on plans designed to achieve the goal of tax savings, providing for other family members, and protecting the estate from creditors. Chapters provide practical viewpoints and current information to assist practitioners in analyzing the client's needs and determining the appropriate plan for each objective and situation.
Asset Protection Strategies provides objective and informed guidance on legally protecting a client's wealth, including:
Establishing and drafting offshore asset protection trusts
Choosing an offshore jurisdiction
Planning using foreign grantor trusts
The Uniform Voidable Transactions Act (UVTA)
Tax compliance and reporting when using offshore trusts
Life insurance and asset protection strategies
Analysis of homestead exemptions across the United States, and more