Webinar on Domestic Asset Protection Trusts
WealthManagement.com is presenting a webinar entitled, Attacking, Defending and Fortifying Domestic Asset Protection Trusts: A Trustee’s Perspective, Wednesday, October 22, 2014, at 2 pm Eastern. Provided below is a description of this webinar:
This session will discuss the critical building blocks and the best ways to structure DAPTs from a trustee’s perspective for maximum protection based upon previous cases and existing statutes. The Huber case, along with various other recent cases, will be analyzed and provide for how not to do DAPT planning
The following will also be examined as potential challenges to DAPT planning:
- Improperly drafted trust
- Improper titling of trust property
- Fraudulent conveyances
- Exception creditors
- Lack of strong discretionary interest protection
- Insufficient sites:
- “Straw man” trustee
- Jurisdiction issues
Privacy issues Trust→Sham/alter ego of settlor Possible constitutional issues Super creditors Bankruptcy
If properly established and maintained, the glass is half full!
Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this webinar to my attention.