Integrating Asset Protection and Estate Planning
6:00 – 6:45 p.m. COCKTAILS, HORS D’OEUVRES &
NETWORKING
6:45 pm DINNER BEGINS
7:15 pm PROGRAM
8:30 pm PROGRAM ENDS
SPONSOR: Bessemer Trust
With "permanent" portability and a $5,000,000 exemption, clients have begun to question the necessity of "estate planning". Of course, all signs still indicate that the litigation explosion continues unabated, and at the same time that clients are questioning the necessity of estate planning, they are demanding "asset protection planning" solutions from their "estate planning" advisors. Therefore, this program will discuss ways in which an advisor can help his or her clients integrate their estate and asset protection planning. Highlighted topics will include the following:
* The changing scope of the law concerning the creditor exemption for inherited IRAs, and how to plan around the
vagaries of the various court decisions on this issue.
* Why credit shelter trusts remain relevant, notwithstanding portability.
* How and when to employ trust decanting to revise a trust that is less than ideal for asset protection purposes.
* The use of inter-vivos QTIP trusts for estate and asset protection planning, and the various federal and state laws
impacting the use of such trusts.
* The utilization of third party trusts for estate and asset protection planning.
* A discussion of Private Letter Ruling 200944002, and the viability of domestic and foreign self-settled spendthrift
trusts for estate and asset protection planning purposes.
As Chair of Moses & Singer's Trusts & Estates and Asset Protection practices, Gideon Rothschild focuses on domestic and international estate planning and asset protection. He is a nationally-recognized authority on the use of offshore trusts and estate planning strategies for wealth preservation and succession planning. His practice also includes estate administration and the representation of clients in taxpayer disputes at the federal, state and local levels.
Gideon distinguishes himself from many of his peers in that his estate planning recommendations are integrated with asset protection objectives. By educating his clients on the non-tax benefits available with trusts and other vehicles and how they can be drafted in a flexible manner, his clients can achieve both tax savings and wealth preservation. Such benefits include protection from divorce, creditors or litigation exposure.
This program had been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 1.0 hours of total CLE credit. Of these, 0 qualify as hours of credit for ethics/professionalism, and 0 qualify as hours of credit toward certification in civil trial law, criminal trial law, workers compensation law, municipal court law, and/or matrimonial law.
CFP and CPA continuing education credit will also be offered for this presentation.
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Please respond by Friday, May 9, 2014
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