ASSET PROTECTION PLANNING & STRATEGIES FOR LAWYERS ACCOUNTANTS, FINANCIAL PLANNING AND INVESTMENT PROFESSIONALS
|
|
- Sophia Snow
- 5 years ago
- Views:
Transcription
1 EPC Diablo Valley September 21, 2016 ASSET PROTECTION PLANNING & STRATEGIES FOR LAWYERS ACCOUNTANTS, FINANCIAL PLANNING AND INVESTMENT PROFESSIONALS Presented by Jeffrey M. Verdon, Esq. Managing Partner Jeffrey M. Verdon Law Group, LLP Newport Beach, CA
2 95% of world s lawsuits are filed in the U.S.
3 It s Not What You Do, It s What You Own!
4 Atty/CPA/Accountant Malpractice Liability Goes Beyond Insurance Limits Liable for your negligent acts and those you supervise.
5 Successful Professional Practice? It won t matter if you lose it all to a malpractice lawsuit When does your exposure expire?
6 Lawsuit Exposure & Privacy Test
7 TWO QUESTIONS FOR YOU.
8 Questions for You 1. ARE YOU OR YOUR CLIENTS CONFIDENT THAT THEY WILL NEVER BE SUED? 2. ARE YOU OR YOUR CLIENTS CONFIDENT THAT IF THEY ARE SUED, OUR LEGAL SYSTEM WILL FAIRLY TREAT YOU?
9 Two Reasons Most Litigants Settle 1. Doubt as to Liability 2. Doubt as to Collectability
10 Does Asset Protection Work? $58,000,000 Judgment successfully resolved for $7M $34,000,000 Malpractice suit settled for less than $1M $5,000,000 Judgment settled for $125,000 $32,000,000 Bank loan dispute settled for $2.5M $2,000,000 Personal guarantee settled for $250,000 $75,000,000 Personal loan settled for $5M paid over 5 years Depends on definition of work. Achieve an early and favorable settlement.
11 Best Asset Protection Plan No One Has Heard of The CA Private Retirement Trust CCP
12 View video again at 12
13 Best Asset Protection Plan No One Has Heard of CA Private Retirement Trust CCP (b): fully exempts assets placed in trust to fund retirement Any asset Business profits, A/R, Bonds, Stocks, Savings, Gold, Real Estate, Notes and Private Business Interests CCP (d): fully exempts distributions from the PRT Non-ERISA Qualified: May set up just for owners 13
14 Asset Protection Trust A TRUST WILL BE THE CORNERSTONE OF ANY EFFECTIVE ASSET & LIFESTYLE PROTECTION SOLUTION
15 Trusts Have Been Used Since the Crusades to Protect Assets
16 WHY WOULDN T I WANT TO SET UP MY TRUST IN THE U.S? UNFORTUNATELY...
17 OVER THE PAST SEVERAL HUNDRED YEARS LIMITATIONS ON THE PROTECTIVE USE OF TRUSTS FOR SELF-SETTLED TRUSTS (AS BENEFICIARIES) HAVE EVOLVED: Retained Controls Maximum Potential Property Interest CPC (b) Self-Settled Spendthrift Trusts CPC Section (a)
18 Comparisons Domestic Asset Protection Trust VS. Offshore Asset Protection Trust
19 Domestic APT Jurisdictions WEST VIRGINIA 2016 MISSISSIPPI 2014 OHIO 2013 VIRGINIA 2012 HAWAII 2010 NEW HAMPSHIRE 2009 TENNESSEE 2007 WYOMING 2007 MISSOURI 2005 SOUTH DAKOTA 2005 OKLAHOMA 2004 UTAH 2003 NEVADA 1999 RHODE ISLAND 1999 DELAWARE 1997 ALASKA 1997
20 Domestic Asset Protection Trust (Potential Problems) Constitutional Issues: Full Faith & Credit Clause Conflicts of Laws Contract Clause Supremacy Clause Wait Until the U.S. Supreme Court Decides
21 What s the Newest Problem? 2005 Bankruptcy Act s [Sec. 548(e)(1)] The Ten Year Set Aside Rule
22 10-Year Set Aside Rule 548(e)(1) the [bankruptcy] trustee may avoid any transfer of an interest of the debtor in property that was made on or within 10 years before the date of the filing of the petition, if - (A) such transfer was made to a self-settled trust or similar device; (B) such transfer was by the debtor; (C) the debtor is a beneficiary of such trust or similar device; and (D) the debtor made such transfer with actual intent to hinder, delay, or defraud any entity to which the debtor was or became, on or after the date that such transfer was made, indebted. SEE: In re: Mortensen, Debtor, Case No. A DMD In Re Huber, 201 B.R. 685 (Bankr. W.D. WA May 17, 2013).
23 WHAT S THE SOLUTION? ESTABLISH THE TRUST IN A PLACE WHERE THE LAWS WILL NOT PERMIT A CREDITOR TO REACH TRUST ASSETS UNDER THE GENERAL RULES - Forum Shopping - Lack of Comity
24 Situs Selection Factors Legal System: Common law trusts date back 1000 years Protective Legislation (BIG3) Repudiation of Certain Rules Statute of Elizabeth (no SOL) No self settled trust protection for settlor Maximum potential interest rule (creditor can reach entire trust corpus) Favorable Fraudulent transfer rules Lack of Comity Economic Health Political /social stability Language Track Record
25 IN ORDER TO UNDERSTAND HOW A PROTECTIVE TRUST WORKS. WE MUST FIRST UNDERSTAND HOW CLAIMANTS NORMALLY REACH TRUST ASSETS
26 THERE ARE ONLY TWO WAYS... The claimant brings his/her case in a court which has: JURISDICTION OVER THE TRUSTEE OR JURISDICTION OVER TRUST ASSETS
27 How Does an Offshore Trust Work? FIRST: AT THE CRITICAL TIME: AND WE DEFINE THAT TO BE WHEN SOMEONE IS TRYING TO GET AT THE TRUST ASSETS
28 How Does an Offshore Trust Work? (Cont d) FIRST: AT THE CRITICAL TIME: THERE WILL BE A COMPLETE LACK OF US COURT JURISDICTION OVER THE TRUSTEE & THE TRUST ASSETS
29 How Does an Offshore Trust Work? THE U.S. COURT: (Cont d) THAT MEANS THERE WILL BE NO POWER IN ANY U.S. COURT TO REACH THE TRUST CAN T FORCE THE TRUSTEE TO DO ANYTHING CAN T SEIZE TRUST ASSETS
30 How Does an Offshore Trust Work? (Cont d) SO WHERE DOES THAT LEAVE THE JUDGMENT CREDITOR? TRYING TO HAVE THE JUDGMENT ENFORCED IN THE TRUST SITUS JURISDICTION REMEMBER LACK OF COMITY??? HOW WELL IS THAT GOING TO WORK?
31 How Does an Offshore Trust Work? (Cont d) WHAT ARE THE IMPLICATIONS OF LACK OF COMITY? Commence litigation De Novo Utilize unfamiliar lawyer Most local law firms are conflicted out No Contingency Fee Bond & Loser Pays Rules Basis of Litigation? A FRAUDULENT TRANSFER ASSERTION
32 How Does an Offshore Trust Work? (Cont d) LET S COMPARE THE TWO MAJOR FACTORS OF THE FRAUDULENT TRANSFER RULES U.S. vs. OFFSHORE 1. 4yrs/10yrs vs. ZERO to 2yrs 2. CIVIL PREPONDERANCE STD vs. BEYOND REASONABLE DOUBT
33 How Does an Offshore Trust Work? (Cont d) WE VE SEEN HOW THE LAWS OF AN APPROPRIATE OFFSHORE JURISDICTION PROVIDES PROTECTION FOR OUR CLIENTS TRUSTS WE ENHANCE THAT PROTECTION WITH DRAFTING TECHNIQUES
34 How Does an Offshore Trust Work? TYPICAL PROTECTIVE CLAUSES: Trust Protector Flight Clause Duress Clause Jones Clause What about contempt? (Cont d) Legal Impossibility: complete defense to contempt Unites States v. Grant (2008): No contempt of court for a US person who lawfully establishes a foreign trust and could not Branch Banking & Trust Co. v. Hamilton Greens, LLC, 2014 WL (S.D. Fla. Mar. 24, 2014)
35 WHAT CONCERN DO CLIENTS MOST OFTEN EXPRESS? I DON T WANT TO LOSE CONTROL... SO HOW DO WE ADDRESS THAT CONCERN?
36 Loss of Control Concerns WE USE HOLDING ENTITIES: FOR PROTECTION OF LIQUID ASSETS (CASH AND PUBLICLY TRADED SECURITIES) SETTLOR MAY SERVE AS INVESTMENT ADVISOR
37 OFFSHORE TRUST / LLC COMBINATION STRUCTURE YOU = LLC MANAGER = DIRECT SIGNATURE CONTROL OFFSHORE LIMITED LIABILITY COMPANY INVESTMENTS OFFSHORE OR US BANK IMPLEMENTATION OPERATION CRISIS TRUST PROTECTOR (INDEPENDENT COMPANY) CONTROL OVER TRUSTEE OFFSHORE ASSET PROTECTION TRUST ASSETS TYPICALLY HELD: LLC MEMBER INTEREST; S- CORPORATION STOCK; OFFSHORE ACCOUNTS US TRUSTEE FOREIGN TRUSTEE YOUR BROKER Stocks & Bonds VAULT TRUST = LLC MEMBER 100% (May Be Co-Manager) DISCRETIONARY BENEFICIARIES YOU FAMILY OTHERS
38 THE ASSETS ARE STILL IN THE U.S.. WHAT HAPPENS?
39 2009 Jeffrey M. Verdon Law Group, LLP (INDEPENDENT COMPANY)
40 GREAT! THE ASSETS ARE PROTECTED, BUT MY CLIENT NEEDS THE INCOME AND/OR PRINCIPAL TO LIVE ON
41 OFFSHORE TRUST OFFSHORE LLC COMBINATION STRUCTURE TRUST PROTECTOR (INDEPENDENT COMPANY) CONTROL OVER TRUSTEE Client s or faxes bills and other expenses to offshore trustee for payment = lifestyle protection OFFSHORE ASSET PROTECTION TRUST ASSETS TYPICALLY HELD: LLC MEMBER INTEREST; S- CORPORATION STOCK; OFFSHORE ACCOUNTS TRUST = LLC MEMBER 100% (May Be Co-Manager) DISCRETIONARY BENEFICIARIES YOU FAMILY OTHERS
42 Questions?
43 Newsletter
44 Strategic Client Alliance Program
45 Example: Your feedback is important to me
ASSET PROTECTION PLANNING WITH OFFSHORE TRUSTS
ASSET PROTECTION PLANNING WITH OFFSHORE TRUSTS PRESENTED BY HOWARD ROSEN, ATTORNEY, CPA 2016, by DONLEVY-ROSEN & ROSEN, P.A. Coral Gables, Florida (305) 447-0061 WEB SITE: PROTECTYOU.COM HOWARD ROSEN is
More informationIntegrating Asset Protection Planning Into Your Estate Planning Practice. Douglass S. Lodmell, J.D., LL.M. Managing Partner Lodmell & Lodmell, P.
Integrating Asset Protection Planning Into Your Estate Planning Practice Douglass S. Lodmell, J.D., LL.M. Managing Partner Lodmell & Lodmell, P.C Douglass is the Co-Founder and the managing partner of,
More informationAppendices Sample domestic asset protection trust clauses Sample irrevocable trust clauses Sample solvency letter State liability systems rankings Sta
PLANNING WITH DOMESTIC AND FOREIGN ASSET PR0TECTION TRUSTS Robert G. Alexander, JD, LL.M., EPLS, AEP Copyright 2009 Our Two Study Goals To Understand the Dynamics of Assets Protection Planning To Examine
More informationOffshore Protection with Domestic Simplicity
Spokane Estate Planning Council 2017 Annual Seminar The Bridge Trust Offshore Protection with Domestic Simplicity Douglass S. Lodmell, J.D., LL.M. Managing Partner Lodmell & Lodmell, P.C. Douglass Lodmell,
More informationOffshore Asset Protection Trusts vs. Onshore Asset Protection Trusts
Offshore Asset Protection Trusts vs. Onshore Asset Protection Trusts Same trust concepts govern both Both support estate planning and wealth transfer Same benefits re: probate and avoidance of estate delays
More informationAsset Protection Overview
Asset Protection Overview Leslie C. Giordani Michael H. Ripp, Jr. 100 CONGRESS AVENUE, SUITE 1440 AUSTIN, TEXAS 78701 phone 512.767.7100 fax 512.767.7101 WWW.GSRP.COM 2009 Giordani, Swanger, Ripp & Phillips,
More informationSaving Your Clients Assets: Asset Protection Planning
Saving Your Clients Assets: Asset Protection Planning June 21, 2016 SABA Family Law Section-CLE Presented by: Ivan Ramirez, Esq. Legal Disclaimer - The information provided is designed for general information
More informationPROTECTING YOUR ASSETS Release No. 7
PROTECTING YOUR ASSETS Release No. 7 Everything you need... New Section on Property Agreements Includes Prenuptial and Post-Marital Property Agreements for Community Property & Separate Property States
More informationPresenting a live 90-minute webinar with interactive Q&A. Today s faculty features:
Presenting a live 90-minute webinar with interactive Q&A Trust Situs for Dynasty Trusts and DAPTs: Key Differences Among Top-Tier States Selecting the Best Situs Among Nevada, Delaware, Alaska, South Dakota,
More informationWILLMS, S.C. LAW FIRM
WILLMS, S.C. LAW FIRM TO: FROM: Clients and Friends of Willms, S.C. Attorney Maureen L. O Leary DATE: December 5, 2011 RE: Asset Protection Planning Asset protection planning refers to arranging an individual
More informationSearching for Favorable DAPT Legislation: Tennessee Enters the Arena
Steve Leimberg's Asset Protection Planning Email Newsletter - Archive Message #105 Date: From: Subject: 1-June-07 Steve Leimberg's Asset Protection Planning Newsletter Searching for Favorable DAPT Legislation:
More informationAsset Protection Advance Planning is Key
Partners Office for Women s Careers at MGH Presents Asset Protection Advance Planning is Key Barbara Freedman Wand, Esq. Estate Planning Group Bingham McCutchen LLP Boston Asset Protection Planning is
More informationFOR INTERNAL USE ONLY NOT FOR USE WITH OR DISTRIBUTION TO THE PUBLIC
Creditors Rights in Life Insurance, Annuities and IRAs Non-Bankruptcy Context An important element of financial and estate planning is preserving the assets that people have worked hard to accumulate.
More informationAn Overview of the Asset Protection Spectrum By: Leah Del Percio, Esq.
An Overview of the Asset Protection Spectrum By: Leah Del Percio, Esq. In our increasingly litigious society, the threat of lawsuits, debt and liability is at an all-time high for individuals and their
More informationASSET PROTECTION PLANNING LIKE THE AMERICAN EXPRESS CARD COMMERCIAL SAYS "DON'T LEAVE HOME WITHOUT IT"
I. The Problem. ASSET PROTECTION PLANNING LIKE THE AMERICAN EXPRESS CARD COMMERCIAL SAYS "DON'T LEAVE HOME WITHOUT IT" Maurice Offit, Esquire Offit Kurman (301) 575-0308 moffit@offitkurman.com A. We live
More informationACTEC COMPARISON OF THE. EDITED BY DAVID G. SHAFTEL Copyright 2012, David G. Shaftel. All Rights Reserved.
ACTEC COMPARISON OF THE DOMESTIC ASSET PROTECTION TRUST STATUTES UPDATED THROUGH DECEMBER 2011 EDITED BY DAVID G. SHAFTEL Copyright 2012, David G. Shaftel. All Rights Reserved. This 2012 version of the
More informationRisk Management & Wealth Protection Guide
Conference Series www.orbis28.com. orbis28@orbis28.com Protection for Physicians and Healthcare Entrepreneurs Risk Management & Wealth Protection Guide An introduction to the concepts of managing your
More informationProtecting Business Assets From Creditors in Litigation: Strategic Choice of Entities, Avoiding Fraudulent Transfers
Presenting a live 90-minute webinar with interactive Q&A Protecting Business Assets From Creditors in Litigation: Strategic Choice of Entities, Avoiding Fraudulent Transfers TUESDAY, JULY 21, 2015 1pm
More informationLeimberg s Think About It
Leimberg s Think About It Think About It is written by Stephan R. Leimberg, JD, CLU and co-authored by Linas Sudzius MAY 2009 # 399 Diversity of opinion helps us to be more successful? Your Success Matters!
More informationAsset Protection Planning (With Audit Checklist)
Asset Protection Planning (With Audit Checklist) Gideon Rothschild Gideon Rothschild, J.D., CPA, is with Moses & Singer LLP, in New York, New York. A. Introduction 1. Litigation environment creates greater
More informationAsset Protection Planning After the 2005 Bankruptcy Act
THE LAW FIRM OF BOVE & LANGA A PROFESSIONAL CORPORATION TEN TREMONT STREET, SUITE 600 BOSTON, MASSACHUSETTS 02108 Telephone: 617.720.6040 Facsimile: 617.720.1919 www.bovelanga.com Trusts and Estates Forum
More informationELEVENTH ANNUAL ACTEC COMPARISON OF THE DOMESTIC ASSET PROTECTION TRUST STATUTES
ELEVENTH ANNUAL ACTEC COMPARISON OF THE DOMESTIC ASSET PROTECTION TRUST STATUTES UPDATED THROUGH AUGUST 2017 EDITED BY DAVID G. SHAFTEL Copyright 2017, David G. Shaftel. All Rights Reserved. This August
More informationChapter 3. 11:15 11:45am. Chapter 13 for Small Business. Gloria Z. Nagler Nagler & Malaier, P.S.
Chapter 3 11:15 11:45am Chapter 13 for Small Business Gloria Z. Nagler Nagler & Malaier, P.S. PowerPoint distributed at the program and also available for download in electronic format: 1. Chapter 13 for
More informationDomestic Asset Protection Trusts
feature: committee Report: Fiduciary investments Professions By Mark Merric & Daniel G. Worthington Domestic Asset Protection Trusts Which jurisdictions are the most effective to set up this powerful tool?
More informationPresented By: Jeffrey R. Matsen. November, 2009, Jeffrey R. Matsen
INTRODUCTION TO ASSET PROTECTION PLANNING Presented By: Jeffrey R. Matsen November, 2009, Jeffrey R. Matsen 1 What Is Fully Integrated Estate Planning? Planning for the orderly disposition of assets at
More informationEstate Planning Through an Asset Protection Lens
Estate Planning Through an Asset Protection Lens Gideon Rothschild, J.D., C.P.A. Moses & Singer LLP 405 Lexington Avenue New York, NY 10174 Telephone: 212.554.7806 grothschild@mosessinger.com www.mosessinger.com
More informationACCOUNTANTS PROFESSIONAL LIABILITY INSURANCE APPLICATION
Kinsale Insurance Company P. O. Box 17008 Richmond, VA 23226 (804) 289-1300 www.kinsaleins.com ACCOUNTANTS PROFESSIONAL LIABILITY INSURANCE APPLICATION APPLICANT S INFORMATION 1. Legal name of the business
More informationMISCELLANEOUS PROFESSIONAL LIABILITY APPLICATION
MISCELLANEOUS PROFESSIONAL LIABILITY APPLICATION CLAIMS MADE AND REPORTED FORM ALL QUESTIONS MUST BE ANSWERED IN FULL. APPLICATION MUST BE SIGNED AND DATED BY THE PRINCIPAL, OFFICER OR PARTNER Applicant
More informationWho Should Consider Medicaid Planning?
Who Should Consider Medicaid Planning? Relevant Law vs. Plan Design 2014, LWP Who Should Consider Mediciad Planning? 1 Summary of What We Covered Week 1 Medicaid Planning Profile Qualification Standards
More informationLife Insurance Summary of State Exemptions 1 for Cash Value 2 and Proceeds 3
Life Insurance Summary of State Exemptions 1 for Cash Value 2 and Proceeds 3 State Statute Cash Value Exempt? Proceeds Exempt? Alabama Ala. Code 6-10-8, 27-14-29(c) insured or person effecting insurance
More information1/19/2012. J. Grant Coleman
J. Grant Coleman jcoleman@kingkrebs.com www.kingkrebs.com 1 Consideration and implementation of advance planning techniques designed to place assets outside the reach of potential future creditors (not
More informationRush University Case: Impact on Self-Settled Trusts. By Gideon Rothschild, Esq. and Martin M. Shenkman, Esq.
Rush University Case: Impact on Self-Settled Trusts By Gideon Rothschild, Esq. and Martin M. Shenkman, Esq. A recent Illinois case that ruled unfavorably on the use of self-settled trusts, Rush Univ. Med.
More informationRecent Developments in Estate Planning
ESTATE PLANNING INHERITANCE PROTECTION 7650 E. BROADWAY BLVD. #108 PHONE (520) 546-3558 TUCSON, AZ 85710 TOM@TOMBOUMANLAW.COM Recent Developments in Estate Planning 1. Estate Tax Summary: Federal estate
More informationLAW FIRM PROFESSIONAL LIABILITY APPLICATION
LAW FIRM PROFESSIONAL LIABILITY APPLICATION APPLICANT S INFORMATION 1. Legal name of the business who is the primary applicant and will be the first named insured listed on the policy: 2. Please list all
More informationEssential Protection for Policyholders. State Rankings of Homeowners Insurance Protections: Consumer Remedies
Essential Protection for Policyholders State Rankings of Homeowners Insurance Protections: Consumer Remedies A report from the Rutgers Center for Risk and Responsibility at Rutgers Law School in cooperation
More informationIntroduction to Asset Protection Planning. Objective of Asset Protection Planning Remove individual and family wealth from the attacks of :
Introduction to Asset Protection Planning Thomas P. Langdon, Esq. Objective of Asset Protection Planning Remove individual and family wealth from the attacks of : & Creditors Predators (IRS) Asset Protection
More informationHONEY WE CAN CANCEL OUR TRIP TO THE COOK ISLANDS MICHIGAN HAS AN ASSET PROTECTION TRUST STATUTE!
HONEY WE CAN CANCEL OUR TRIP TO THE COOK ISLANDS MICHIGAN HAS AN ASSET PROTECTION TRUST STATUTE! By: Geoffrey N. Taylor, Esq. I. INTRODUCTION A. On my list of favorite estate planning myths, number one
More informationNon-Financial Change Form
Non-Financial Change Form Please Print All Information Below Section 1. Contract Owner s Information Administrative Offices: PO BOX 19097 Greenville, SC 29602-9097 Phone number (800) 449-0523 Overnight
More informationMISCELLANEOUS PROFESSIONAL LIABILITY APPLICATION
MISCELLANEOUS PROFESSIONAL LIABILITY APPLICATION CLAIMS MADE AND REPORTED FORM ALL QUESTIONS MUST BE ANSWERED IN FULL. APPLICATION MUST BE SIGNED AND DATED BY THE PRINCIPAL, OFFICER OR PARTNER APPLICANT
More informationWhat about professional corporations, limited liability companies and limited liability partnerships? How about going bare?
What about professional corporations, limited liability companies and limited liability partnerships? These fairly new forms of professional practice do provide a level of protection against claims resulting
More informationAetna Individual Direct Pay Commissions Schedule
Aetna Individual Direct Pay Commissions Schedule Cards Issued Broker Rate Broker Tier Per Year 1st Yr 2nd Yr 3+ Yrs Levels 11-Jan 4.00% 4.00% 3.00% Bronze 24-Dec 6.00% 4.00% 3.00% Silver 25-49 8.00% 4.00%
More informationAgent Contracting. Please complete the following contracting package and FAX to (toll-free) or
Agent Contracting Please complete the following contracting package and FAX to 866-866-2232 (toll-free) or 732-792-9777 AnnuityCommissions.com 28 Harrison Ave., Suite D209 Englishtown, NJ 07726 If you
More informationUnclaimed Property Legislative Trends and Highlights
Unclaimed Property Legislative Trends and Highlights 2013-2014 2014 NAST Treasury Management Training Symposium E. Suzanne Darling, Esq., Vice President, Xerox 2014 Xerox Corporation. All rights reserved.
More informationIncome from U.S. Government Obligations
Baird s ----------------------------------------------------------------------------------------------------------------------------- --------------- Enclosed is the 2017 Tax Form for your account with
More informationLIBERTY INSURANCE UNDERWRITERS INC. (A Stock Insurance Company, hereinafter the Company ) 55 Water Street, 23rd Floor, New York, NY 10041
Toll-free number: 1-66-434-557 LIBERTY INSURANCE UNDERWRITERS INC. (A Stock Insurance Company, hereinafter the Company ) 55 Water Street, 23rd Floor, New York, NY 10041 RENEWAL APPLICATION UNLESS OTHERWISE
More informationNEW HAMPSHIRE CREDITOR PROTECTION TRUSTS: A BRIEF PRACTICAL GUIDE FOR NEW HAMPSHIRE LAWYERS
NEW HAMPSHIRE CREDITOR PROTECTION TRUSTS: A BRIEF PRACTICAL GUIDE FOR NEW HAMPSHIRE LAWYERS When in 2008 New Hampshire enacted the Qualified Dispositions in Trust Act ( New Hampshire Act ), it joined a
More informationFraudulent Transfers
Fraudulent Transfers Governed by the Uniform Fraudulent Transfer Act. The fraudulent transfer rules prevent people from transferring assets after a debt has arisen in order to avoid having to pay the debt
More informationAsset Protection Planning for Arizona Residents
ESTATE PLANNING INHERITANCE PROTECTION 7650 E. BROADWAY BLVD. #108 PHONE (520) 546-3558 TUCSON, AZ 85710 TOM@TOMBOUMANLAW.COM Asset Protection Planning for Arizona Residents 1. What is Asset Protection
More informationKentucky , ,349 55,446 95,337 91,006 2,427 1, ,349, ,306,236 5,176,360 2,867,000 1,462
TABLE B MEMBERSHIP AND BENEFIT OPERATIONS OF STATE-ADMINISTERED EMPLOYEE RETIREMENT SYSTEMS, LAST MONTH OF FISCAL YEAR: MARCH 2003 Beneficiaries receiving periodic benefit payments Periodic benefit payments
More informationGUARANTEE TRUST LIFE INSURANCE COMPANY Credit Claim Service Center P.O. Box 1145 Glenview, IL Phone: Fax:
Initial Credit Disability Claim Form GUARANTEE TRUST LIFE INSURANCE COMPANY Credit Claim Service Center P.O. Box 1145 Glenview, IL 60025 Phone: 800-592-0629 Fax: 847-460-2962 Office Hours: Monday thru
More informationImpact of New Bankruptcy Provision on Domestic Asset Protection Trusts
DOMESTIC ASSET PROTECTION TRUSTS Impact of New Bankruptcy Provision on Domestic Asset Protection Trusts New bankruptcy legislation allows certain transfers of a debtor made within the previous ten years
More informationASSET PROTECTION for BUSINESS OWNERS
ASSET PROTECTION for BUSINESS OWNERS Brian S. Mandel, Esq. Certified Specialist Estate Planning, Trust, and Probate Law 7700 Irvine Center Drive, #800 Irvine, CA 92618 (949) 660-0007 Some Scary Stats 70,000
More informationTable 1: Medicaid and CHIP: December 2016 and January 2017 Preliminary Monthly Enrollment
Table 1: Medicaid and CHIP: December 2016 and January 2017 Preliminary Monthly Enrollment Performance Indicator Information: The Medicaid and CHIP performance indicators were developed in consultation
More informationIntroduction. Being a Conservator is an important job; it isn t for the faint of heart, or those that are not dedicated to the job.
Introduction Being a Conservator is an important job; it isn t for the faint of heart, or those that are not dedicated to the job. As a Conservator, you will have many responsibilities, all which are court-mandated
More informationTaddei, Ludwig & Associates, Inc.
Taddei, Ludwig & Associates, Inc. Kirk Ludwig, ChFC, CFP Scot Elrod Diane McCracken, ChFC Matt Taddei, CLU, CFP 999 Fifth Ave., Suite 230 San Rafael, CA 94901 415-456-2292 scot@tlafinancial.com www.tlafinancial.com
More informationCreditor Protection for High Net Worth Individuals and Business Owners
Creditor Protection for High Net Worth Individuals and Business Owners Presented by Maritess T. Bott of Bott & Associates, Ltd. Attorneys at Law Helping people preserve their wealth The Family Business
More informationPLANNING AND DEFENDING DOMESTIC ASSET-PROTECTION TRUSTS
PLANNING AND DEFENDING DOMESTIC ASSET-PROTECTION TRUSTS Richard W. Nenno, Esquire Wilmington Trust Company Wilmington, Delaware John E. Sullivan, III, Esquire Sullivan & Sullivan, Ltd. Beachwood, Ohio
More informationin Manitoba we charge a fee (only $30), and I don t think it discourages compliance.
Topic: Question by: : Dissolution Fees Seth C. Klaskin Connecticut Date: May 20, 2013 Manitoba Corporations Canada Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia
More informationPedicab Companies. Commercial General Liability Application
Pedicab Companies Commercial General Liability Application All questions must be answered in full. Application must be signed and dated by the applicant. Applicant s Name Agent Applicant Mailing Address
More informationATHENE Performance Elite Series of Fixed Index Annuities
Rates Effective August 8, 05 ATHE Performance Elite Series of Fixed Index Annuities State Availability Alabama Alaska Arizona Arkansas Product Montana Nebraska Nevada New Hampshire California PE New Jersey
More informationCOVERED, A CLAIM MUST BE. Instructions: the following. areas: Real Estate Plaintiff Litigation Entertainment Financial Institutionss.
LAWYERS PROFESSIONAL LIABILITY INSURANCE NEW BUSINESS APPLICATION THE POLICY FOR WHICH THIS APPLICATION IS MADE IS WRITTEN ON A CLAIMS MADE AND REPORTED BASIS. TO BE COVERED, A CLAIM MUST BE FIRST MADE
More informationL A N R U O J tm Utah Bar Volume 23 No. 2 March/April 2010
Utah Bartm J O U R N A L Volume 23 No. 2 March/April 2010 Table of Contents Letters to the Editor 7 President-Elect & Bar Commission Candidates 8 President s Message: Helping Unemployed/Underemployed Lawyers
More informationSeptember /October Some strings attached Stretching your legacy Don t underestimate the power of Crummey trusts Estate Planning Red Flag
The Estate Planner September/October 2007 Some strings attached Maintaining control over your charitable contributions without losing your deduction Stretching your legacy Dynasty trusts benefit many generations
More informationCOLLECTION AGENCY ERRORS & OMISSIONS APPLICATION
Kinsale Insurance Company P. O. Box 17008 Richmond, VA 23226 (804) 289-1300 www.kinsaleins.com COLLECTION AGENCY ERRORS & OMISSIONS APPLICATION APPLICANT S INFORMATION 1. Legal name of the business who
More informationTA X FACTS NORTHERN FUNDS 2O17
TA X FACTS 2O17 Northern Funds Tax Facts provides specific information about your Northern Funds investment income and capital gain distributions for 2017. If you have any questions about how to apply
More informationPLANNING TECHNIQUES FOR LARGE ESTATES PLANNING WITH DOMESTIC ASSET PROTECTION TRUSTS
PLANNING TECHNIQUES FOR LARGE ESTATES PLANNING WITH DOMESTIC ASSET PROTECTION TRUSTS Richard W. Nenno, Esquire Managing Director and Trust Counsel Wilmington Trust Company Rodney Square North 1100 North
More informationWhite Paper: Asset Protection
White Paper: www.selectportfolio.com Toll Free 800.445.9822 Tel 949.975.7900 Fax 949.900.8181 Securities offered through Securities Equity Group Member FINRA, SIPC, MSRB Page 2 Table of Contents... 3 Introduction...
More informationHOSPITAL INDEMNITY CLAIM FORM
HOSPITAL INDEMNITY CLAIM FORM Please read the important information below: r Please be sure your policy number(s) is/are written on the claim form. r The claim form must be completed and signed by the
More informationSpecial Drafting Considerations For Asset Protection Trusts - The Offspring of Offshore Trusts
THE LAW FIRM OF BOVE & LANGA A PROFESSIONAL CORPORATION TEN TREMONT STREET, SUITE 600 BOSTON, MASSACHUSETTS 02108 Telephone: 617.720.6040 Facsimile: 617.720.1919 www.bovelanga.com Trusts and Estates Forum
More informationNOTICE TO MEMBERS CANADIAN DERIVATIVES CORPORATION CANADIENNE DE. Trading by U.S. Residents
NOTICE TO MEMBERS CANADIAN DERIVATIVES CORPORATION CANADIENNE DE CLEARING CORPORATION COMPENSATION DE PRODUITS DÉRIVÉS NOTICE TO MEMBERS No. 2002-013 January 28, 2002 Trading by U.S. Residents This is
More informationJanuary 30, Firefighter s Cancer Presumption S-716
1 January 30, 2018 Firefighter s Cancer Presumption S-716 The MEL is committed to work with other concerned parties to pass legislation that protects the firefighters while balancing the fiscal realities
More informationAnnual Costs Cost of Care. Home Health Care
2017 Cost of Care Home Health Care USA National $18,304 $47,934 $114,400 3% $18,304 $49,192 $125,748 3% Alaska $33,176 $59,488 $73,216 1% $36,608 $63,492 $73,216 2% Alabama $29,744 $38,553 $52,624 1% $29,744
More informationChanging Trust Situs. Thomas M. Forrest. President, U.S. Trust Company of Delaware
Changing Trust Situs Thomas M. Forrest President, U.S. Trust Company of Delaware Changing Trust Situs Choice of law: When creating a new trust, a grantor can and should designate the law of the trust state
More informationDo you recognize any non-profit entities other than traditional non-profit corporations and association?
Topic: Question by: : Questions Regarding Nonprofit Organizations Scott W. Anderson Nevada Date: February 12, 2013 Manitoba Corporations Canada Alabama Alaska Arizona 1.) In Arizona, only corporations
More informationProcedure or Language Change
The following list indicates important policy language changes or other procedures required in states for this product. Please access www.standard.com/di for copies of miscellaneous notices and outlines
More informationWeller Group LLC January 30, 2017
Weller Group LLC Timothy Weller, CFP CERTIFIED FINANCIAL PLANNER 6206 Slocum Road Ontario, NY 14519 315-524-8000 tim@wellergroupllc.com www.wellergroupllc.com Asset Protection Page 1 of 6, see disclaimer
More informationAffordable Asset Protection Strategies for Arizona Residents
ESTATE PLANNING INHERITANCE PROTECTION 7650 E. BROADWAY BLVD. #108 PHONE (520) 546-3558 TUCSON, AZ 85710 TOM@TOMBOUMANLAW.COM Affordable Asset Protection Strategies for Arizona Residents My first exposure
More informationDo you charge an expedite fee for online filings?
Topic: Expedite Fees and Online Filings Question by: Allison A. DeSantis : Ohio Date: March 14, 2012 Manitoba Corporations Canada Alabama Alaska Arizona Yes. The expedite fee is $35. We currently offer
More informationEmployee Leasing/Temporary Employment Agency Application
Employee Leasing/Temporary Employment Agency Application All questions must be answered in full. Application must be signed and dated by the applicant. Applicant s Name Agent Applicant Mailing Address
More informationSelf Procurement taxes
Self Procurement taxes Daniel J. Kusaila, Tax Partner Crowe Horwath LLP Audit Tax Advisory Risk Performance 2015 Crowe Horwath LLP Agenda What is a procurement tax Nexus standards and Todd Shipyards Non
More informationCheckpoint Payroll Sources All Payroll Sources
Checkpoint Payroll Sources All Payroll Sources Alabama Alaska Announcements Arizona Arkansas California Colorado Connecticut Source Foreign Account Tax Compliance Act ( FATCA ) Under Chapter 4 of the Code
More informationHow to Request IRS Verification of Non-filing Letter
How to Request IRS Verification of Non-filing Letter How to request a Non-filing Letter if, I never filed a tax return I filed an IRS tax return in the past My parents live outside the U.S and cannot obtain
More informationA d j u s t e r C r e d i t C E I n f o r m a t i o n S T A T E. DRI Will Submit Credit For You To Your State Agency. (hours ethics included)
A d j u s t e r C r e d i t C E I n f o r m a t i o n STRIKING BACK AGAINST THE REPTILE IN MEDICAL MALPRACTICE AND LONG TERM CARE CASES JUNE 13, 2018 CHICAGO, IL S T A T E Delaware Georgia Louisiana Mississippi
More informationInformation for Non-Tax Filers
NONFIL 2018-2019 Information for Non-Tax Filers Dear Student, If you (and your parent, if dependent) worked in 2016 but did not file a tax return with the IRS, please bring your (and your parent, if dependent)
More informationLife Insurance and Creditor Protection
Life Insurance and Creditor Protection 949-288-6650 info@bankingtruths.com Not to be all doom and gloom, but what if for some reason you got sued for everything you had and all your liquid assets were
More informationA d j u s t e r C r e d i t C E I n f o r m a t i o n S T A T E. Pending. DRI Will Submit Credit For You To Your State Agency.
A d j u s t e r C r e d i t C E I n f o r m a t i o n STRIKING BACK AGAINST THE REPTILE IN MEDICAL MALPRACTICE AND LONG TERM CARE CASES JUNE 13, 2018 CHICAGO, IL P O S T S E M I N A R A C T I O N Delaware
More informationUsing Advanced Irrevocable Trusts for Income and Estate Tax Savings: Making 2012 Count
Using Advanced Irrevocable Trusts for Income and Estate Tax Savings: Making 2012 Count The next nine months are an exceptional window of opportunity for your clients to make family wealth transfers. The
More informationNote: Form 4506-T begins on the next page. Kansas City and Austin Fax Numbers for Filing Form 4506-T Have Changed The fax numbers for filing Form 4506-T with the IRS center in Kansas City and Austin have
More informationTable 1: Medicaid and CHIP: March and April 2017 Preliminary Monthly Enrollment
Table 1: Medicaid and CHIP: March and April 2017 Preliminary Monthly Enrollment Performance Indicator Information: The Medicaid and CHIP performance indicators were developed in consultation with states,
More informationIf the foreign survivor of the merger is on the record what do you require?
Topic: Question by: : Foreign Mergers Tracy M. Sebranek Maine Date: December 17, 2013 Manitoba Corporations Canada Alabama Alaska Arizona We require only a certified copy of the merger documents, as long
More informationState Individual Income Taxes: Personal Exemptions/Credits, 2011
Individual Income Taxes: Personal Exemptions/s, 2011 Elderly Handicapped Blind Deaf Disabled FEDERAL Exemption $3,700 $7,400 $3,700 $7,400 $0 $3,700 $0 $0 $0 $0 Alabama Exemption $1,500 $3,000 $1,500 $3,000
More informationState Corporate Income Tax Collections Decline Sharply
Corporate Income Tax Collections Decline Sharply Nicholas W. Jenny and Donald J. Boyd The Rockefeller Institute Fiscal News: Vol. 1, No. 3 July 26, 2001 According to a report from the Congressional Budget
More informationEstate Planning. Insight on. To preserve your wealth, consider a DAPT Estate planning for same-sex spouses. Using an FLP or LLC?
Insight on Estate Planning October/November 2013 To preserve your wealth, consider a DAPT Estate planning for same-sex spouses What the Supreme Court s DOMA ruling means Using an FLP or LLC? Beware the
More informationRequired Minimum Distribution Election Form for IRA s, 403(b)/TSA and other Qualified Plans
Required Minimum Distribution Election Form for IRA s, 403(b)/TSA and other Qualified Plans For Policyholders who have not annuitized their deferred annuity contracts Zurich American Life Insurance Company
More informationAbility-to-Repay Statutes
Ability-to-Repay Statutes FEDERAL ALABAMA ALASKA ARIZONA ARKANSAS CALIFORNIA STATUTE Truth in Lending, Regulation Z Consumer Credit Secure and Fair Enforcement for Bankers, Brokers, and Loan Originators
More informationMutual Fund Tax Information
2008 Mutual Fund Tax Information We have provided this information as a service to our shareholders. Thornburg Investment Management cannot and does not give tax or accounting advice. If you have further
More informationMutual Fund Tax Information
Mutual Fund Tax Information We have provided this information as a service to our shareholders. Thornburg Investment Management cannot and does not give tax or accounting advice. If you have further questions
More informationS T A T E TURNING THE TABLES ON PLAINTIFFS IN TRUCKING LITIGATION APRIL 26 27, 2018 CHICAGO, IL. DRI Will Submit Credit For You To Your State Agency
A d j u s t e r C r e d i t C E I n f o r m a t i o n TURNING THE TABLES ON PLAINTIFFS IN TRUCKING LITIGATION APRIL 26 27, 2018 CHICAGO, IL Delaware Georgia Louisiana Mississippi New Hampshire North Carolina
More informationUndocumented Immigrants are:
Immigrants are: Current vs. Full Legal Status for All Immigrants Appendix 1: Detailed State and Local Tax Contributions of Total Immigrant Population Current vs. Full Legal Status for All Immigrants
More informationIFI RPG Master Policy Program(s) Surplus Lines Disclosure Notices to the Insured
IFI RPG Master Policy Program(s) Surplus Lines Disclosure Notices to the Insured State Alabama Alaska Arizona Arkansas* California* Disclosure This contract is registered and delivered as a surplus line
More information