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Zusatztext derivatives trader who cleared through Bears Stearns went bust in the crash of 1987. His firm was wiped out! and a margin call threatened his personal finances. Bear Stearns started an arbitration proceeding to recover the money! a purely civil dispute. The trader used an offshore trust - a type of asset protection - to protect his remaining wealth. Informationen zum Autor McGraw-Hill authors represent the leading experts in their fields and are dedicated to improving the lives, careers, and interests of readers worldwide McGraw-Hill authors represent the leading experts in their fields and are dedicated to improving the lives, careers, and interests of readers worldwide Klappentext Strategies that are effectiveand legal for putting one'sassets safely out of reach In today's increasingly litigious world, theshielding of assets has become a prominentissue for financial planners, business owners, and high-net-worth individuals. Asset Protection details methods that are both legallyand morally legitimate for protecting one'sassets from creditors, lawsuits, and scams. Bringing economic common sense and legitimacyto an area that is drowning in gimmickry, two of today's toplawyers examine the fundamental issues inthis growing area, avoiding dense legaleseto make the book accessible to anyone. Asset Protection covers everything readerswant to know about: Establishing an effective assetprotection program Today's most popular, establishedstrategies Newer strategies that are still beingresolved by the courts Zusammenfassung Details court-proven strategies for protecting one's assets. Focusing on asset-shielding practices and techniques! this book discusses: the goals of asset protection! along with steps for implementing an effective asset protection program; traditional as well as new techniques; and the relationship between asset protection and financial planning. Inhaltsverzeichnis 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...
