The Swiss AnnuityThe Swiss Annuity
Asset protection planning is a moving target. Practitioners must constantly be aware of case developments and changes in the law, which must be reflected in their plans. Nevertheless, some advisors operate by rote and give every asset protection client the same basic plan: a domestic family limited partnership (or a limited liability company) funded with the client's investments and owned primarily
Alexander A. Bove, Jr., partner, Bove & Langa, Boston
Asset protection planning is a moving target. Practitioners must constantly be aware of case developments and changes in the law, which must be reflected in their plans. Nevertheless, some advisors operate by rote and give every asset protection client the same basic plan: a domestic family limited partnership (or a limited liability company) funded with the client's investments and owned primarily by the offshore asset protection trust. More thoughtful advisors employ numerous other domestic and international strategies. For instance, they make creative use of powers of appointment, noncharitable family foundations, purpose trusts, domestic and offshore life insurance products, offsho...
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