Protecting Business Assets From Creditors in Litigation: Strategic Choice of Entities, Avoiding Fraudulent Transfers
Recording of a 90-minute CLE webinar with Q&A
This CLE course will prepare litigators to represent the interests of their clients in protecting assets from creditors. The speaker will review best practices for protecting against debt and creditors, identifying the limitations, and highlight which structures may be appropriate for different types of assets.
- Asset protection introduction and overview
- What is asset protection?
- What is practically possible?
- Hiding assets
- Four threshold questions
- Who is the debtor?
- What is the nature of the claim?
- Who is the creditor?
- What is the nature of the assets?
- Fraudulent transfers
- Overview of the law
- Practical considerations
- Using legal entities
- Protecting assets within entities
- Charging order limitation
- Eroding protection of single member LLCs
- Selecting the right jurisdiction
- Use of trusts in asset protection planning
- Controlling assets in an irrevocable trust
- Requirements of a good asset protection trust
- Domestic vs. foreign trusts
- Comprehensive case study focusing on protecting real estate
The panelist will review these and other key issues:
- What fraudulent transfer issues should counsel take into consideration in asset protection planning?
- What specific strategies should counsel consider for protecting different types of assets?
- What considerations should counsel take into account when determining the appropriate trust structure?
Klueger & Stein
Mr. Stein's practice is limited to asset protection and sophisticated domestic and international tax planning.... | Read More
Mr. Stein's practice is limited to asset protection and sophisticated domestic and international tax planning. He represents high profile and wealthy clients facing financial adversity or seeking privacy for their holdings. He is an author of numerous tax and asset protection books, articles and technical manuals. He is a frequent lecturer to various attorney, CPA and other professional groups, having taught over 500 legal seminars.Close