CPE: 3 hours
Category: Business Law
Prerequisites: Completion of a basic course on asset protection planning
Advanced prep: None
Who should attend: Accountants, business managers and CFOs.
Learn how to keep assets safe from plaintiffs, creditors or a government agency. We'll review more advanced planning strategies and solutions, including planning with community property; use of domestic and offshore business entities; domestic and foreign trusts; equity strips; private retirement plans; sales to defective trusts; and others. We'll also look at how to protect assets after a lawsuit, a loan default or an accident. The discussion will focus on the various ways to protect common assets, such as houses, bank and brokerage accounts; businesses and professional practices; and retirement plans.
- Identify sophisticated asset protection planning techniques
- Determine common obstacles to planning and what to do with last minute planning
- Fraudulent transfer laws
- Community property
- Offshore trusts and business entities
- Offshore banking
- Equity strips
- Private retirement plans
- Defective grantor trusts