Asset Protection and Risk Management

What Will You Learn?

• Fundamentals of Asset Protection: Understand the purpose and importance of protecting personal and family wealth from external threats such as lawsuits, creditors, and divorce.
• Domestic Asset Protection Trusts (DAPTs): Learn how certain U.S. states use trusts with spendthrift provisions and discretionary distributions to shield assets effectively.
• Offshore Asset Protection Trusts: Explore international jurisdictions like the Cook Islands and Nevis, their benefits, and compliance with U.S. tax laws (FATCA, FBAR).
• Key Features of Protective Trusts: Grasp concepts like irrevocability, third-party trustees, and “seasoning periods” that strengthen asset protection.
• Risk Identification: Identify common vulnerabilities in estate structures such as asset overconcentration, poor trustee choices, and outdated planning documents.
• Planning Techniques for Risk Mitigation: Discover advanced strategies, including using LLCs, Family Limited Partnerships (FLPs), lifetime gifting, and insurance as buffers.
• Integrating Risk Reviews: Learn how to perform periodic audits, stress tests, and implement family governance to maintain and update protection measures effectively.
• Ethical and Legal Boundaries: Understand the difference between ethical asset protection and illegal transfers like fraudulent conveyance.