Consider the ImplicationsConsider the Implications
Many practitioners believe asset protection planning and estate planning are mutually exclusive. To some extent, this may be true; on rare occasions, clients may present issues so narrow that they can rightfully be classified as one sort of planning or the other. But no matter what clients may say they want, what they usually need is global planning designed to place them in the best possible circumstances
Daniel S. Rubin, partner, Moses & Singer LLP, New York, and Karen Goldberg, executive director, G
Many practitioners believe “asset protection planning” and “estate planning” are mutually exclusive. To some extent, this may be true; on rare occasions, clients may present issues so narrow that they can rightfully be classified as one sort of planning or the other. But no matter what clients may say they want, what they usually need is global planning designed to place them in the best possible circumstances for preserving, enhancing and distributing their wealth.
Most plans must cover both estate planning and asset protection to meet a typical client's needs. In recent years, especially, asset protection has become a significant concern in ...
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