Bankruptcy and Estate Planning

The Impact Of The New Bankruptcy Laws Upon Estate Planning is the title of a teleconference to be sponsored by the Cannon Financial Institute on April 25, 2006.  Here is a description of the program:

Many estate planning professionals have not understood how the provisions of the new bankruptcy laws crisscross multiple estate planning techniques.  One area of estate planning that has been particularly affected is the area of utilizing trusts for creditor protection.  Drafting will also have to change to realize objectives more readily obtainable under prior law.  There are multiple conflicts between the Federal bankruptcy provisions and state creditor and debtor laws.  In this teleconference, Roy Adams and Clary Redd will address:

• What are the specific provisions of Federal bankruptcy law affecting estate planning?
• What are the most common conflicts between state and Federal law?
• How does the Federal law change the drafting of estate planning documents, including wills, trusts and powers-of-attorney?
• What are the ethical considerations in counseling clients to take advantage of creditor protection remedies?
• Do off-shore trusts play an even greater role now?