Asset Protection ON DEMAND

Overview

In today’s legal landscape, where litigation is increasingly common, the importance of asset protection has surged, significantly impacting financial, estate, and tax planning. This course, led by Danny Santucci, addresses the growing interest in safeguarding assets against potential legal threats. It agitates the common misunderstandings surrounding asset protection, emphasizing the need for accurate knowledge and strategies to prevent fraudulent transfers. The course offers a comprehensive solution by exploring various opportunities for asset protection within the realm of tax planning. Participants will learn how to identify and avoid actions that could be deemed fraudulent, understand the use of insurance as an asset protection tool, and recognize the implications of different types of property ownership and trusts on asset protection and tax liability. This course is an essential guide for professionals seeking to enhance their expertise in asset protection strategies, ensuring their clients are well-equipped to navigate the complexities of modern litigation and taxation.

Highlights

Asset protection. Trusts. Divorce.

Prerequisites

None.

Designed For

CPAs, financial professionals, enrolled agents and attorneys.

Objectives

Note the main reasons for asset protection, common misconceptions, and goals associated with undertaking asset protection measures. Recognize what constitutes a fraudulent transfer and how to structure asset protection planning transfers so that they are not fraudulent. Identify the various types of insurance, noting their defining characteristics and how life insurance can be used as an asset protection vehicle. Note how the various types of entities relate to asset protection as well as how the various types of joint ownership of property and various trusts directly impact asset protection and tax liability. Recognize the concepts of common law property, community property, and equitable ownership, noting which states base distribution laws on those concepts. Identify asset division principles, noting their effect on the division of assets. Recognize the components of premarital and post-nuptial agreements, noting how they can be used to advise clients on individual asset protection.

Preparation

None.

Notice

None.