Engel on Asset Protection Planning 2010: Part 2: Day-To-Day Operations of the Plan; Administration to Maintain the Plan's Integrity
Program Number: 2022
Program Date: 05/18/2010
Description
Asset protection practitioners, their clients, and their client’s trustees need to understand how to properly fund and then administer an integrated estate planning trust (“IEPT”) on a day-to-day basis in order to assist with maintaining the plan’s integrity in the event the plan is ever challenged, whether in litigation or otherwise. In the second of his new 3-part series, Barry Engel covers the following topics:
• federal and foreign tax compliance and reporting
• anti-money laundering compliance
• trustee and third-party due diligence
• documenting property transfers
• the differences between, and properly documenting, outright distributions and loans
• the payment of taxes due on phantom income from an IEPT
• whether real estate should be held in an integrated estate planning structure
• advising on where in the overall structure title to property should be transferred
• refinancing mortgages
• suggestions on how to protect one’s professional practice or operating business as part of the overall integrated estate plan
• the creation of additional trusts by already-existing IEPTs
• annual meetings of trustees and advisors
Available in states
Arizona, California, Colorado Eligible, Colorado Homestudy, 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# 901207940, 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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