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A New Planning EnvironmentA New Planning Environment

Practical advice based on client inquiries

Gideon Rothschild, Partner

December 21, 2015

8 Min Read
A New Planning Environment

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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About the Author

Gideon Rothschild

Partner, Moses & Singer LLP

 

GIDEON ROTHSCHILD is a partner with the New York City law firm of MOSES & SINGER LLP, where he co-chairs the Trusts & Estates and Wealth Preservation Group.  He focuses his practice in the areas of domestic and international estate planning techniques for high net worth clients and is a nationally recognized authority on wealth preservation and foreign trusts. 

Mr. Rothschild is the Vice-chair of the Real Property Trust & Estate Law Section of the American Bar Association, a Fellow of the American College of Trust and Estate Counsel and Academician of The International Academy of Trust and Estate Lawyers.  He is a member of the Advisory Boards of BNA’s Tax Management and Trusts and Estates, the Immediate Past Chair of the New York Chapter of the Society of Trust and Estate Practitioners (STEP), and a member of the New York State Bar Association. 

He served as an Adjunct Professor at the University of Miami Law School Graduate Program and has lectured frequently to professional groups including the University of Miami’s Philip Heckerling Institute, the New York University Federal Tax Institute, the New York State Bar Association, the American Bar Association, and the American Institute of Certified Public Accountants.  

Mr. Rothschild is the co-author of the BNA Tax Management portfolio on Asset Protection Planning and has authored numerous articles for publications including  Trusts and EstatesandEstate Planning.  Mr. Rothschild is a recipient of the prestigious Distinguished Estate Planner award from the National Association of Estate Planners and Councils and is listed in Chambers USA, Best Lawyers in America, Top 100 New York Superlawyers and Worth’s Top 100 Lawyers.  Mr. Rothschild is also licensed as a Certified Public Accountant.