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A Widening NetA Widening Net
With 2011 come and gone, we look back at the recent developments in the area of asset protection planning. With fewer clients concerned about estate taxes due to the increased exemption, more advisors are addressing asset protection needs of the modestly wealthy. This specialty niche, once thought to be of interest only to doctors and real estate investors, continues to evolve and attract interest
Gideon Rothschild
With 2011 come and gone, we look back at the recent developments in the area of asset protection planning. With fewer clients concerned about estate taxes due to the increased exemption, more advisors are addressing asset protection needs of the modestly wealthy. This specialty niche, once thought to be of interest only to doctors and real estate investors, continues to evolve and attract interest from a wide variety of clients. Much of this interest has been precipitated by the legislative developments in domestic asset protection trust (DAPT) states — now numbering 12. And, at a recent American College of Trust and Estate Counsel meeting, one prominent litigation attorney suggested that it won't be long before an estat...
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