Asset Protection: Concepts and Strategies for Protecting Your Wealth

by Jay Adkisson, Chris Riser

Overview

Strategies that are effective and legal for putting one’s assets safely out of reach

In today’s increasingly litigious world, the shielding of assets has become a prominent issue for financial planners, business owners, and high-net-worth individuals. Asset Protection details methods that are both legally and morally legitimate for protecting one’s assets from creditors, lawsuits, and scams.

Bringing economic common sense and legitimacy to an area that is drowning in gimmickry, two of today’s top lawyers examine the fundamental issues in this growing area, avoiding dense legalese to make the book accessible to anyone. Asset Protection covers everything readers want to know about:

• Establishing an effective asset protection program
• Today’s most popular, established strategies
• Newer strategies that are still being resolved by the courts

Product Details

ISBN-13:	9780071432160
Publisher:	McGraw Hill LLC
Publication date:	07/02/2004
Pages:	326
Product dimensions:	6.10(w) x 9.10(h) x 1.16(d)

About the Author

Jay Adkisson (Laguna Niguel, CA) is a wealth planner with experience as a lawyer in high-profile cases involving offshore assets. He has been favorably featured in the Wall Street Journal, Forbes, and other major publications.

Chris Riser (Atlanta, GA) is a U.S. tax attorney and director of the American Bar Association’s Asset Protection Planning Committee.

McGraw-Hill authors represent the leading experts in their fields and are dedicated to improving the lives, careers, and interests of readers worldwide

Table of Contents

Chapter 1 Introduction
Chapter 2 What Is Asset Protection?
Chapter 3 Issues of Morality in Asset Protection
Chapter 4 Goals of Asset Protection
Chapter 5 Asset Protection Litigation
Chapter 6 Fraudulent Transfer and Bankruptcy Considerations
Chapter 7 Offshore Planning
Chapter 8 Methodology of Asset Protection
Chapter 9 Statutory Exemption Planning
Chapter 10 Collateralization
Chapter 11 Trusts for Asset Protection
Chapter 12 Spendthrift and Discretionary Trusts
Chapter 13 The Domestic Asset Protection Trust (DAPT)
Chapter 14 The Foreign Asset Protection Trust (FAPT)
Chapter 15 Foreign Trust Control
Chapter 16 Introduction to Share Structures
Chapter 17 Domestic Corporations
Chapter 18 Foreign Corporations and IBCs
Chapter 19 Charging Order Protected Entities
Chapter 20 Domestic COPEs and Series LLCs
Chapter 21 Foreign COPEs
Chapter 22 Management Companies, Leasing Companies, and ESOPs
Chapter 23 Advanced Life Insurance and Annuity Strategies
Chapter 24 Captive Insurance Companies
Chapter 25 Other Advanced Methodologies
Chapter 26 Specific Situations
Index
About the Authors