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Current Developments and Planning PointersCurrent Developments and Planning Pointers

For asset protection, 2012 was a significant year

Gideon Rothschild, Partner

December 28, 2012

24 Min Read
Current Developments and Planning Pointers

 

The year 2012 was a very busy one for estate planners. With the looming expiration of the Bush-era tax cuts and the specter of rising transfer tax rates and lower exemptions, practitioners were focused on helping their clients plan their estates to properly take advantage of the expiring tax laws. However, 2012 was also a significant year for asset protection planners.  Virginia joined 12 other states in passing its version of self-settled trust legislation. Courts all over the country issued decisions with ramifications for asset protection planners in both the domestic and foreign contexts. Here are the highlights of these cases and statutes, along with some planning pointers for practitioners. (See also “Domestic Asset Protection Tru...

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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.