![A New Planning Environment A New Planning Environment](https://eu-images.contentstack.com/v3/assets/bltabaa95ef14172c61/blte17928236485cd80/67338713622442addd58c65f/rothschild.jpg?width=1280&auto=webp&quality=95&format=jpg&disable=upscale)
The emphasis on asset protection continues unabated in a planning environment where estate taxes have become less important. States attempt to compete with one another by enacting creative approaches to asset protection.
Over the year, I’ve received numerous inquiries from clients regarding asset protection. Here are some of the situations I’ve encountered recently and the advice I gave to these clients.
An Unexpected Inheritance
One situation involved a young businessman who found himself in the throes of a $20 million dollar bank loan default together with his partners. When he co-signed a personal guarantee, his net worth was merely a few hundred thousand dollars, so he wasn’t concerned about giving the guarantee. While he and his par...
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