Asset Protection Planning: What Every Practitioner Should Know

Asset protection planning has become recognized as an important and integral aspect of the estate planning process, and is no longer limited to offshore strategies. Fifteen states have now enacted legislation providing creditor protection for self-settled trusts. 

Noted attorney Gideon Rothschild's presentation includes a discussion on ethical considerations and fraudulent conveyances, domestic and foreign legislative developments; challenges against self settled trusts; when to use domestic vs. foreign trusts; how to promote the use of discretionary trusts by learning the tools of flexible drafting and using self settled trusts for estate tax savings.

Learning Objectives: 

I.     Understand the need for asset protection

II.    Grasp Ethical considerations and fraudulent conveyances

III.   Know the different strategies for asset protection

IV.   Utlizize third party beneficiary trusts

V.    Use self settled trusts and challenges thereto - Domestic vs. Offshore

VI.   Comprehend estate planning with self settled trusts

Program Attorney: Sigalle Barness