Product Description

This book is designed to be of use to all professionals involved in the asset protection plan, including attorneys, accountants, and financial planners among others. The subjects covered are those that the planner must consider when properly preparing an asset protection plan. The former 2-volume set is now available in a convenient one volume edition. The book includes a comprehensive CD-ROM which contains the forms formerly found in Volume 2. The first part of the book covers fraudulent conveyance concepts, applicable rules and strategies concerning the planners choice of an appropriate business entity, use of domestic and foreign trusts, re-titling assets into various forms of concurrent ownership, exemption planning, compliance rules concerning foreign bank accounts, and IRS enforcement of its tax claims. Also discussed will be the impact of the 2005 Bankruptcy Bill on the choice of trusts and planning strategies. The second part discusses forms that planners may use to effect asset protection plans and to provide planners with authoritative, yet practical and pragmatic guidance concerning the use of such forms. The accompanying disk provides the forms in a readily usable format. · Introduction · Fraudulent Conveyance Concepts · Choice of Business Entity: Nontax Aspects · Choice of Business Entity: Tax Aspects · Use of Domestic Trusts · Use of Foreign Trusts · Retitling Assets: Concurrent Ownership of Property · Exempt Property · Foreign Bank Accounts · Overview of the Enforcement of IRS Claims · Appendix A: The International Trusts Act 1984 · Appendix B: The Confidential Relationships (Preservation) Law · Appendix C: The Confidential Relationships (Preservation) (Amendment) Law · Appendix D: The Mutual Legal Assistance (USA) Law · Appendix E: Conveyancing Amendment Act · Appendix F: The Trusts (Special Provisions) Act 1989 (Bermuda) · Appendix G: Alaska Trust Statute · Appendix H: Delaware Trust Statute · Appendix I: Trustee Act 1975 F

Product Details

• Amazon Sales Rank: #1835169 in Books
• Published on: 2006-12-01
• Released on: 2006-12-01
• Original language: English
• Number of items: 1
• Binding: Paperback
• 1000 pages

About the Author
Lewis D. Solomon is the Theodore Rinehart Professor of Business Law at The George Washington University Law School. He is a graduate of Cornell University and Yale Law School. He served as law clerk to the Honorable Edwin D. Steel, Jr., U.S. District Court, Wilmington, Delaware, and practiced law in New York. He is the author of Corporate Acquisitions, Mergers, and Divestitures. He co-authored Business Workout Strategies, Tax Planning Strategies, and Federal Income Taxation: Problems, Cases and Materials, as well as Corporations: Law and Policy: Materials and Problems. He has written numerous law review articles, authored or co-authored three BNA tax management portfolios, and has spoken at continuing legal education programs, including the University of Miami Institute on Estate Planning and the American Law Institute-American Bar Association s "Estate Planning in Depth." Lewis J. Saret is an associate with Moore and Bruce, LLP in Washington, D.C., where he practices in the area of estate and asset protection planning, business transactions, tax and business succession planning for closely held businesses, tax and business transaction planning for start-up businesses, planning for tax-exempt organizations and international taxation. He received his B.B.A. from Lamar University, his M.B.A. and Masters in Accounting from Rice University, and his J.D. from George Washington University Law School. Books that he has co-authored include Valuation of Closely Held Businesses: Tax and Legal Issues, and Business Workout Strategies: Tax and Legal Aspects.