Asset Protection ON DEMAND

Overview

This informative self-study CPE course covers traditional planning tools and their utilization to protect assets. The Uniform Fraudulent Conveyance Act, the Bankruptcy Code, and various aspects of the tax law are highlighted in describing asset protection aspects of corporations, partnerships, limited liability companies, family partnerships, trusts, retirement plans, insurance products, and other conventional tools. Special topics include protection against lawsuits, costs of long-term illness, divorce settlements, foreign asset protection trusts, statutory protections, homestead provisions, exempt assets, cancellation of indebtedness taxation, and marital agreements.

Highlights

Introduction to asset protection. Insurance. Asset placement. Bankruptcy. Avoiding tax on debt cancellation and foreclosure. Divorce settlements and divisions. Protecting assets from old age and catastrophic illness, and more.

Prerequisites

None.

Designed For

CPAs, EAs, CRTPs, and other tax and finance professionals.

Objectives

Specify the goals and purposes of asset protection, the objections some people have about shielding assets from creditors, and reasons for asset protection. Identify situations that put assets and financial security at stake and the common sources of lawsuits, recognize the dual concepts of liability, and determine the asset protection concepts of insurance, asset placement, and statutory protections, and more.

Preparation

None.

Notice

None.