Asset Protection Strategies: Planning with Domestic and Offshore Entities

Asset protection planning continues to be an exceptionally 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. This updated 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. Topics range from establishing and drafting offshore asset protection trusts and choosing an offshore jurisdiction to the Uniform Voidable Transactions Act (UVTA) and tax compliance and reports. Other subjects considered are grantor trusts, life insurance and asset protection strategies, and an analysis of homestead exemptions across the United States.