TELESEMINAR: Asset Protection in Estate Planning – A National Perspective
August 13, 2013
12:00 – 1:00 p.m.
1.00 MCLE hours
Asset protection planning is the process of using financial instruments, forms of ownership, trusts and other entities to shield assets from creditors and other claimants. Though often thought of as the province of international trusts and offshore accounts, domestic asset protection planning gives estate planners a wide range of tools to help clients preserve assets against loss. Certain retirement accounts, insurance contracts, and annuities can be used to place substantial assets beyond the reach of claimants. Self-settled trusts, LLCs and other entities can be used to control, preserve and transfer assets. But these and other techniques come with certain tax and legal risks. This program will provide you with a real-world guide to domestic asset protection planning in context of estate planning, including the use of self-settled trusts and single-member LLCs, financial instruments, tax and legal risk and more.
- Practical domestic asset protection planning in estate planning
- Maximizing planning with exempt assets
- Asset protection using retirement accounts
- Use of insurance and annuity contacts to protect assets
- Asset protection with self-settled trusts, single member LLCs, and other entities
- Review of risks, including allegations of fraudulent conveyances and tax traps
Jonathan E. Gopman, Akerman Senterfitt, LLP, Florida
Cynthia Carlson, Akerman Senterfitt, LLP, Florida