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Building Asset Protection Into Estate Plans: Critical Tax Law Issues and Methods for Guarding Assets

Tax Planning, Preventing Fraudulent Transfers, Using LLCs and Partnerships, Issues in Estate Administration

Note: CPE credit is not offered on this program

Recording of a 90-minute CLE webinar with Q&A

This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

Conducted on Tuesday, May 19, 2020

Recorded event now available

or call 1-800-926-7926

This CLE course will provide estates and trusts attorneys an in-depth analysis of available methods of building asset protection into estate plans under current tax law. The panel will discuss pitfalls to avoid in accord with current tax rules, approaches to guard assets, fraudulent transfers, and using LLCs and limited partnerships. The panel will also discuss maximizing exempt assets, effectively using powers of appointment, and beneficiary asset protection considerations.

Description

The implementation of asset protection techniques for estate planners under current tax law could have significant repercussions if not carefully structured. Trusts and estates counsel must have a complete understanding of the potential tax ramifications and critical legal considerations regarding asset protection methods.

Typically, building asset protection into estate plans focuses on guarding clients and their estates against creditors; however, a variety of opportunities are available under the current tax regime. Trusts and estates counsel must recognize the applicability of essential tax rules in developing methods to guard assets and pitfalls to avoid in the use of trusts, LLCs, and partnerships. Also, identifying exempt assets, carefully crafting powers of appointment, and recognizing issues regarding asset protection for beneficiaries must be considered.

Listen as our panel discusses essential techniques for building asset protection into estate plans under current tax law, key provisions in structuring trusts, and state law considerations.

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Outline

  1. Tax rules impacting asset protection planning
  2. Methods for guarding assets
    1. Use of trusts and critical provisions
    2. Use of LLCs and partnerships
    3. Maximizing exempt assets
  3. Avoiding fraudulent transfers
  4. State law developments and considerations for trusts and estates counsel

Benefits

The panel will review these and other key issues:

  • What tax law rules have a significant impact on building asset protection in estate plans?
  • What are the most effective techniques for guarding assets?
  • What transactions are subject to the fraudulent transfer rules and methods to avoid them?
  • What are the state law considerations?

Faculty

Akhavan, K. Eli
K. Eli Akhavan
Senior Counsel
Norton Rose Fulbright US

Mr. Akhavan focuses his practice on domestic and international estate, asset protection and tax planning for high...  |  Read More

Neiswender, Howard
Howard Neiswender
Shareholder
Sirote & Permutt

As a member of our Private Clients, Trusts and Estates Practice Group, Mr. Neiswender provides comprehensive wealth...  |  Read More

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