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Until recently, the emphasis in estate planning was on saving estate taxes. But there is more to estate planning than taxes. Even the most sophisticated plan is worthless if clients' assets are lost to a catastrophic judgment. Within the past few years, we have seen wild volatility in the stock market and a staggering increase in individual and business bankruptcies. For many of our high-net-worth

Gideon Rothschild, Partner

March 1, 2004

16 Min Read
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Gideon Rothschild, partner, Moses & Singer LLP, New York, N.Y.

Until recently, the emphasis in estate planning was on saving estate taxes. But there is more to estate planning than taxes. Even the most sophisticated plan is worthless if clients' assets are lost to a catastrophic judgment. Within the past few years, we have seen wild volatility in the stock market and a staggering increase in individual and business bankruptcies. For many of our high-net-worth clients, the emphasis is now more on wealth preservation than accumulation. The ability to legally protect assets from future creditors might be what distinguishes the wealthy from the bankrupt.

The concept of asset-protection planning seemed novel as recently as 10 years ago. Many th...

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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.