Asset Protection 2024

Overview

Protect assets from plaintiffs, creditors or government agencies. Review planning strategies and solutions, including planning with community property, business entities, trusts, and offshore structures. Learn how to protect from specific creditors, such as plaintiffs’ attorneys, federal agencies, and lenders holding personal guarantees. Master techniques to protect homes, rental properties, bank and brokerage accounts, businesses, professional practices, and retirement plans. An extensive focus on the practical aspects of planning. What works and what doesn’t. The discussion will cover case studies illustrating the effectiveness of various structures.

Highlights

• Planning aspects
• Legal theories
• Protecting assets
• Planning before and after lawsuits
• Using business entities, including domestic and foreign corporations, LLCs and LPs
• Planning for married couples and community property
• Picking correct entities and jurisdictions
• Domestic and foreign asset protection trusts

Prerequisites

Basic knowledge of business entities, income, estate and gift taxes.

Designed For

CPAs, attorneys, financial planners, real estate investors and business owners.

Objectives

• Identify specific planning and structuring techniques.
• Recall underlying substantive law and its practical application.
• Determine how and when to implement each structure and what type of asset and client.
• Recognize community and separate property assets and the use of business entities, trusts, equity strips, installment sales to insiders, etc.

Preparation

None

Notice

This course is offered by a 3rd party vendor. Login instructions will not be accessible in the My CPE Tracker section of the ISCPA website. Login instructions will be emailed directly to you by California Education Foundation (CalCPA).