Domestic Asset Protection Trusts: Key Income and Transfer Tax Implications
Structuring DAPTs to Minimize Federal and State Taxes, Gifting, Creditor Issues, Other Legal Implications
Note: CPE credit is not offered on this program
Recording of a 90-minute CLE webinar with Q&A
This CLE course will provide trusts and estates counsel an in-depth analysis of federal income and transfer tax consequences of domestic asset protection trusts (DAPTs). The panel will discuss key tax planning issues and structuring techniques to minimize federal and state taxes, navigating the differences between jurisdictions, and analyze other legal implications and limitations.
- Asset protection planning under current tax law
- How the domestic asset protection trust works
- Statute of limitations
- Fraudulent transfers
- Exception creditors
- Structuring DAPTs to minimize income and transfer taxes
- State law considerations
The panel will review these and other key issues:
- In asset protection planning, what factors should counsel consider in deciding how and where to structure the DAPT?
- How does the DAPT work and what are the rules regarding statute of limitations, fraudulent transfers, and creditor exceptions?
- How do recent tax law changes impact the structuring of a DAPT?
- What factors must be considerd in structuring DAPTs to minimize income and transfer taxes?
- What state law issues must be considered?
Jonathan E. Gopman
Partner, Tax Trusts & Estates Practice
Mr. Gopman's practice focuses on sophisticated wealth accumulation and preservation planning strategies for... | Read More
Mr. Gopman's practice focuses on sophisticated wealth accumulation and preservation planning strategies for entrepreneurs. He assists entrepreneurs with their personal and business planning needs at all phases of the wealth accumulation and preservation cycle. He has substantial experience in assisting high net worth families with international and domestic estate planning, implementing foreign trust structures, business planning and general tax planning.Close
Anna E. Els
Ms. Els’ practice is focused on trusts and estates planning. She works primarily with high net worth... | Read More
Ms. Els’ practice is focused on trusts and estates planning. She works primarily with high net worth individuals.Close
Melissa A. Rodriguez
Ms. Rodriguez focuses her practice on structuring and implementing methods for clients’ wealth and business... | Read More
Ms. Rodriguez focuses her practice on structuring and implementing methods for clients’ wealth and business succession. She works with high net worth individuals to achieve their objectives while minimizing income and transfer tax exposure. In addition, Ms. Rodriguez represents clients before the Internal Revenue Service in matters concerning gift, estate, and fiduciary income tax. She also has experience in establishing and obtaining federal tax exemption for nonprofit organizations.Close