Asset Protection Strategies, with CD, is designed to be of use to all professionals involved in the asset protection plan, including attorneys, accountants, and financial planners among others. The subjects covered are those that the planner must consider when properly preparing an asset protection plan.

The former 2-volume set is now available in a convenient one volume edition. The book includes a comprehensive CD-ROM which contains the forms formerly found in Volume 2.

The first part of the book covers fraudulent conveyance concepts, applicable rules and strategies concerning the planners’ choice of an appropriate business entity, use of domestic and foreign trusts, re-titling assets into various forms of concurrent ownership, exemption planning, compliance rules concerning foreign bank accounts, and IRS enforcement of its tax claims. Also discussed will be the impact of the 2005 Bankruptcy Bill on the choice of trusts and planning strategies.

The second part discusses forms that planners may use to effect asset protection plans and to provide planners with authoritative, yet practical and pragmatic guidance concerning the use of such forms. The accompanying disk provides the forms in a readily usable format.

Benefits and Features

Highlights Of The 2008 Edition:

New informatin on asset protection trust law in Nevada, Missouri, and Utah

New section on trustee's duties, powers, and responsiblities

Creditors' rights under foreign law, including an overview of the statutes of Bahamas, Bermuda, the Cayman Islands, the Cook Islands, and Gibraltar

Updated sample inter vivos and testementary trusts

Topics and Contents

Introduction

Fraudulent Conveyance Concepts

Choice of Business Entity: Nontax Aspects

Choice of Business Entity: Tax Aspects

Use of Domestic Trusts

Use of Foreign Trusts

Retitling Assets: Concurrent Ownership of Property

Exempt Property

Foreign Bank Accounts

Overview of the Enforcement of Irs Claims

Appendix A: the International Trusts Act 1984

Appendix B: the Confidential Relationships (Preservation) Law

Appendix C: the Confidential Relationships (Preservation) (Amendment) Law

Appendix D: the Mutual Legal Assistance (Usa) Law

Appendix E: Conveyancing Amendment Act

Appendix F: the Trusts (Special Provisions) Act 1989 (Bermuda)

Appendix G: Alaska Trust Statute

Appendix H: Delaware Trust Statute

Appendix I: Trustee Act 1975

Forms section:

Overview of Forms

Choice of Business Entity

Choice of Domestic Trusts

Foreign Trusts

Foreign Trusts: Forms Required for U.S. Tax Compliance