Engel on Asset Protection Planning 2010: Part 1: Conceptualizing, Designing and Drafting the Overall Plan; Overview of Underlying Principles; Case Study
Program Number: 2021
Program Date: 03/18/2010
Description
Asset protection practitioners need to be well-versed in the relevant core concepts before endeavoring to assist their clients with a plan’s design and implementation. In the first of his new 3-part series, Barry Engel provides an in-depth introduction to the conceptual design and implementation of a client’s overall integrated estate plan. Areas of discussion include:
• balancing protection with flexibility
• how much of the client’s overall estate should one set out to protect
• an overview of available integrated estate planning techniques
• whether an integrated estate planning trust (“IEPT”) should stand alone or be integrated with the client’s overall estate plan
• the trustee selection process, and whether an IEPT’s settlor(s) should act as the protector(s) of the IEPT
• a comparison of domestic trusts versus foreign trusts for both asset protection and U.S. tax purposes
• a comparative analysis of which domestic and foreign jurisdictions are more protective for asset protection purposes
• the federal and foreign tax implications of a model asset protection plan.
A model planning structure will be presented and reviewed as a case study.
Available in states
Arizona, California, Colorado Eligible, Colorado Homestudy, Florida, Georgia, Missouri, New Jersey Eligible, New York, Texas Self Study
Credit Information
50 minute credit hour - 1 General CLE credit
60 minute credit hour - 1 General CLE credit
State Program Numbers
TX# 901207939, 1.0 Gen. (09/15/2010 - 08/31/2011)
Program Categories
Asset Protection
Bankruptcy Law & Creditor Rights
Corporate and Commercial Law
Estate Planning
International Law
New York Accredited
Taxation Law
Presenters
Barry S. Engel, Esq. Engel & Reiman PC |
Barry S. Engel, Esq. is a principal in Engel & Reiman pc, a Denver, Colorado-based law firm with an international client base. Mr. Engel, who has been written about and quoted by The Economist, Business Week, ABA Journal, Wall Street Journal, The New York Times and Forbes, among others, is the author of CCH's Asset Protection Planning Guide (2nd Edition), which contains over 650 pages of text and practice tools for the practitioner. For information on the Guide, click on http://www.engelreiman.com/apguide.html. Mr. Engel was one of three principal co-authors of protective trust legislation as enacted by the Parliament of the Cook Islands in 1989, which has served as a model for many other offshore jurisdictions as well as for a number of states in the U.S., and he has also consulted with a number of other foreign jurisdictions regarding similar legislation. From 1993 to 1998, he was President of The Offshore Institute, an Isle of Man (British Isles) based international, multi-disciplinary professional body committed to education and excellence in international and offshore practice and planning, and under his leadership, the membership of the organization grew from under 100 members to over 600 members in 60+ countries. Mr. Engel is a prolific author and speaker, having been published extensively and having lectured to tens of thousands of professionals worldwide over the past 25+ years. |
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