ABA Consumer Guide to Asset Protection: A Step-by-Step Guide to Preserving Wealth
- Publisher:
- American Bar Association
- Publication date:
- 2015-07-22
- Authors:
-
Jeffrey Robert Matsen
(Founder and managing partner of Matsen Voorhees Mintz LLP) - ISBN:
- 9781627227650
Description:
The purpose of this book is to provide a straightforward and elementary understanding of asset protection and how it can be effectively implemented by taking various steps-like rungs on a ladder. This is a multi-tiered plan and works together as a whole to bring an individual to a higher level of protection. Some of the steps of the ladder may not be relevant to every individual, but they are all worthy of consideration and review. Through this book, an individual can determine the best course to take for their particular situation.
Index
- Preface
- Introduction
- Why Plan? The Need for Asset Protection
- The Limitations
- The Ladder of Success
- Step One on the Ladder: The Operating Business Entity
- Step Two on the Ladder: Basic Estate Planning
- Step Three on the Ladder: Bankruptcy Considerations, Exemptions, and Marital Planning
- Step Four on the Ladder: Liability Protective Entities for Investment Assets
- Step Five on the Ladder: Domestic Asset Protection Trusts and Modular Planning Utilizing LLCs
- Step Six on the Ladder: The Offshore Asset Protection Trust and the Modular Planning that Accompanies It
- Advanced Estate Planning Techniques
- Just What The Doctor Ordered: Some Special Issues and Strategies for Physicians and Dentists
- Climbing the Ladder and Putting It All Together
- Appendix A. Business Entity Checklist
- Appendix B. LLC Explanation
- Appendix C. Post-Incorporation Memorandum
- Appendix D. Post-Organization Memorandum (For LLC)
- Appendix E. Why Use Family Limited Liability Companies?
- Appendix F. Asset Protection and Marital Planning
- Appendix G. Bullet-Proofing Your Corporation
- Appendix H. For Whom the Bell Toll
- Appendix I. How to Avoid Veil-Piercing
- Appendix J. The Nevada Asset Protection Trust
- Appendix K. Putting Personal Residences into an FLP or FLCC: A No-No
- About the Author