The current litigation explosion has created tremendous interest in asset protection. Not only does this area have financial and estate aspects but it directly impacts tax planning. This CPE mini-course is designed to survey opportunities for asset protection that can arise during tax planning and to determine how to properly report such transactions.
This course is available for
FREE if you have an active membership or can be purchased for
$50.00!
| Course No: | TAX-08-0008 |
| Credits: | 2.00 |
| Method: | Participatory |
| Course Expiration: | 11/2/2010 NOTE: The course must be completed by the expiration date to receive credit |
| Categories: | Taxation
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Course Objectives
- Identify at least six situations that can unexpectedly put assets and financial security at stake.
- Warn clients about fraudulent transfers and structure asset protection planning transfers so that they are not fraudulent under the Bankruptcy Code, Uniform Fraudulent Conveyance Act, Uniform Fraudulent Transfers Act or other fraudulent transfer law.
- Provide reasons for establishing an irrevocable life insurance trust in order to achieve several estate tax planning advantages.
- Explain the nine types of entities and how they relate to asset protection.
- Appreciate the various types of joint ownership of property and how you hold property with others directly impacts asset protection and tax liability.
- Demonstrate a working knowledge of premarital agreements that can be used to advise clients on individual asset protection.