Asset Protection

Learn how to keep assets safe from plaintiffs, creditors or a government agency. In this course, review planning strategies and solutions, including planning with community property, business entities and domestic and foreign trusts.

Examine how to plan for specific creditors, like plaintiffs attorneys and lenders holding personal guarantees. Also, learn various ways to protect common assets, such as houses, bank and brokerage accounts, businesses and professional practices and retirement plans.

A lot of attention is devoted to the practical aspects of planning—what works and what does not work, especially when implementing last minute planning. Course materials include real-world case histories that illustrate the effectiveness of various structures.

Learning Objectives

Identify specific planning and structuring techniques.
Recall underlying substantive law and its practical application.
Determine how and when to implement each structure and for what type of asset and client.
Recognize community and separate property assets and the use of business entities, trusts, equity strips, installment sales to insiders, etc.

Major Topics

Planning aspects
Legal theories
Protecting assets
Planning before and after lawsuits
Using business entities, including domestic and foreign corporations, LLCs and LPs
Planning for married couples and community property
Picking correct entities and jurisdictions
Domestic and foreign asset protection trusts

CPE Credits Available

2 CPE

2: Specialized Knowledge

Things to Know About This Course

Course Level

Intermediate

Prerequisites

Basic knowledge of business entities, income, estate and gift taxes.

Advanced Preparation

None.

Intended Audience

CPAs, attorneys, financial planners, real estate investors and business owners.

Provider

California Society of CPAs