The current litigation explosion has created tremendous Interest in asset protection. Not only does this area have financial and estate aspects but it directly impacts tax planning. This course is designed to survey opportunities for asset protection that can arise during tax planning and to determine how to properly report such transactions.
Learning Objectives
- Understand misconceptions and key reasons for asset protection.
- Learn how entities and ownership types affect asset protection.
- Explore property laws and agreements for individual protection.
Major Topics
- Basic protection concepts and fraudulent transfers
- Insurance
- Individual titles and sole proprietorship
- Corporations
- Trusts
- Co-tenancies
- Partnerships
- Limited liability companies
- Marital property & separate property
- Premarital and post-nuptial agreements
