Asset Protection and Financial Planning
Asset protection planning aims to ensure your taxation and asset protection structures are optimized in a high quality plan. Asset Protection Planning may be viewed as the lifetime side of estate planning, and may be defined as the process of organizing one's assets and affairs in advance in order to guard against risk to which the assets would otherwise be subject. From the underlying substantive law to practical aspects of asset protection planning, our firm offers counsel on the latest and best asset protection strategies and solutions, including planning with business entities, insurance, and domestic and foreign trusts. The end result means you will be in the best position to increase your net worth while having the right protection in place.
Walter Weiss is both an Attorney and Certified Public Account and offers comprehensive insight and experience to readily illustrate the effectiveness of various legal structures. Asset protection planning requires taxation and legal analysis and a working knowledge of federal and state exemption laws, federal and state bankruptcy laws, federal and state tax laws, the comparative laws of many jurisdictions (onshore and offshore), choice of law principals, in addition to the laws of trusts, estates, corporations and business entities. The process of asset protection planning involves assessing the facts, circumstances, and objectives of an individual, evaluating the pros and cons of the various options, designing a structure that is most likely to accomplish all the objectives of the individual (including asset protection objectives), preparing legal documents to carry out the plan, and ensuring that the various legal entities are operated properly in accordance with the laws and the objectives of the individual. This process involves providing legal advice and legal work and most states prohibit the practice of law without a license.
Our firm represents debtors in judgment, creditor-debtor law, business law and planning, and tax and estate planning, all of which intersect in the area of asset protection, and will litigate certain complex asset protection issues such as fraudulent convey. Purpose, Methods, & Benefits of Asset Protection
Asset protection planning aims to ensure your taxation and asset protection structures are optimized in a high quality plan. Asset Protection Planning may be viewed as the lifetime side of estate planning, and may be defined as the process of organizing one's assets and affairs in advance in order to guard against risk to which the assets would otherwise be subject. From the underlying substantive law to practical aspects of asset protection planning, our firm offers counsel on the latest and best asset protection strategies and solutions, including planning with business entities, insurance, and domestic and foreign trusts. The end result means you will be in the best position to increase your net worth while having the right protection in place.
Walter Weiss is both an Attorney and Certified Public Account and offers comprehensive insight and experience to readily illustrate the effectiveness of various legal structures. Asset protection planning requires taxation and legal analysis and a working knowledge of federal and state exemption laws, federal and state bankruptcy laws, federal and state tax laws, the comparative laws of many jurisdictions (onshore and offshore), choice of law principals, in addition to the laws of trusts, estates, corporations and business entities. The process of asset protection planning involves assessing the facts, circumstances, and objectives of an individual, evaluating the pros and cons of the various options, designing a structure that is most likely to accomplish all the objectives of the individual (including asset protection objectives), preparing legal documents to carry out the plan, and ensuring that the various legal entities are operated properly in accordance with the laws and the objectives of the individual. This process involves providing legal advice and legal work and most states prohibit the practice of law without a license.
Our firm represents debtors in judgment, creditor-debtor law, business law and planning, and tax and estate planning, all of which intersect in the area of asset protection, and will litigate certain complex asset protection issues such as fraudulent convey. Purpose, Methods, & Benefits of Asset Protection
- Strategic Asset Planning
- Achieving the Strongest Asset Protection Available
- Utilizing LLC’s to Protect Asset
- International Life Insurance and Annuities
- Use of In-kind Premium Payments
- Mechanics of Investments and Insurances Trusts
- Private Placement Life Insurance (PPLI)
- Obtaining Tax Advantages while Ensuring Tax Compliance
- Ethical Considerations of Asset Protection
- Domestic & Foreign Asset Protection Trusts
- Estate Planning with Self Settled Trusts