by Christine | Apr 15, 2013 | Asset Protection, Bankruptcy, Individual Retirement Accounts (IRA) |
Under the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA), the first $1 million of IRA and Roth IRA funds are protected (or exempt) in bankruptcy. This amount is reviewed every three years and increased as needed. For example, the $1 million...
by Christine | Apr 12, 2013 | Asset Protection |
It is, of course, painfully difficult to call what Reed and Cohen put together anything like valid asset protection planning. Sadly, at a certain low level this is the standard of practice, such as it is, that goes on with mass-marketed asset protection planning....
by Christine | Apr 2, 2013 | Asset Protection, Estate Planning, Marriage, Prenuptial Agreement, Trusts |
…In general, I highly recommend that couples negotiate the financial terms of their marriage and each partner’s role before saying their vows. If you keep up on celebrity gossip as it relates to those high-profile marriages and divorces, you often hear that six letter...
by Christine | Feb 19, 2013 | Asset Protection |
…Proper Asset Protection is most appropriately done when the client knows that he or she has no outstanding claims, i.e., the skies are perfectly clear of creditors. Asset Protection is all about avoiding fraudulent transfers, not designing and implementing them....
by Christine | Dec 24, 2012 | Asset Protection, Assets, Estate Plan, Estate Planning |
If you are like many other American families, the current upheaval in Washington regarding the fiscal cliff (and the estate and gift taxes) doesn’t particularly interest you. However, while the discussions in Washington generally only affect the extremely wealthy,...
by Christine | Nov 23, 2012 | Asset Protection, Estate Planning, Trusts |
“There is no such thing as asset protection,” said Jason Cain, head of the family wealth planning group in the central region for Credit Suisse Private Banking USA. “What there is is good business and estate planning that as a byproduct insulates your assets from...
