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Estate & Asset Protection Planning Karen Brady & Associates, P.C. Attorneys at Law © Karen Brady, 2005
Definition of Asset Protection ,[object Object],[object Object]
Reasons to Protect Assets ,[object Object],[object Object],[object Object],[object Object],[object Object]
What Asset Protection Is Not ,[object Object],[object Object]
Title to Assets ,[object Object]
Community Property ,[object Object],[object Object],[object Object],[object Object]
Separate Property ,[object Object],[object Object],[object Object]
Joint Tenancy ,[object Object],“ Last One Left Standing Rule”:  Survivor Owns It All!
Creditor Rights ,[object Object],[object Object],[object Object]
Creditor Rights (cont.) ,[object Object],[object Object]
One Threat ,[object Object]
Types of Claims ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Attempts to Avoid Creditor Claims ,[object Object],[object Object],[object Object],[object Object],[object Object]
Fraudulent Transfers ,[object Object],[object Object],[object Object],[object Object]
Fraudulent Conveyance ,[object Object],[object Object]
Another Threat ,[object Object]
Estate Taxes ,[object Object]
Asset Protection Techniques ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
First Defender ,[object Object]
Strengths and Weaknesses ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Strengths Weaknesses
First Barrier ,[object Object],[object Object]
Corporate Features ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
LLC Features ,[object Object],[object Object],[object Object],[object Object]
Second Defender ,[object Object]
Homestead ,[object Object],[object Object],[object Object]
Insurance ,[object Object],[object Object],[object Object]
Retirement Plans ,[object Object]
529 Plans ,[object Object],[object Object],[object Object],[object Object],[object Object]
Other Exemptions in Colorado ,[object Object],[object Object],[object Object],[object Object]
Second Barrier ,[object Object]
RLT Asset Protection Features ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Asset Protection Features (Cont.) ,[object Object],[object Object],[object Object],[object Object],[object Object]
Third Defender ,[object Object]
Partitioning Property ,[object Object],[object Object],[object Object]
Example ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Third Barrier ,[object Object]
FLP Features ,[object Object],[object Object],[object Object],[object Object],[object Object]
FLP Features (Cont.) ,[object Object],[object Object],[object Object],[object Object]
Claims vs. Partnership ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Claims vs. Individual Partner ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Creditor Nightmare ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
FLPs Leverage Gifts ,[object Object],[object Object],[object Object]
FLP Discounts ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
FLP Summary ,[object Object],[object Object],[object Object],[object Object]
Common FLP Structure FLP ,[object Object],[object Object],Husband RLT Child Trust Wife RLT General Partner Limited Partners
LLC vs. FLP ,[object Object]
Third Barrier ,[object Object]
Irrevocable Trust Features ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Special Irrevocable Trusts ,[object Object],[object Object],[object Object],[object Object],[object Object]
Fifth  Barrier ,[object Object]
Concept ,[object Object],[object Object],[object Object],[object Object],[object Object]
APT Planning ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
APT Planning (cont.) ,[object Object],[object Object],[object Object],[object Object]
Domestic Jurisdiction ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Offshore Jurisdictions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
New 2005 Act Restrictions ,[object Object],[object Object],[object Object],[object Object],[object Object]
Some debts not dischargeable in bankruptcy ,[object Object]
Case Study The Surgeon
Leon Cutter, M.D., F.A.C.S. ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Cutter Family Goals ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Before Planning Your Entire Estate is at Risk!
After Planning Your Estate has Defenses!
Keys to a Successful Plan ,[object Object],[object Object],[object Object]
Thank You for Attending ,[object Object]

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Asset Protection Planning

  • 1. Estate & Asset Protection Planning Karen Brady & Associates, P.C. Attorneys at Law © Karen Brady, 2005
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  • 58. Case Study The Surgeon
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  • 61. Before Planning Your Entire Estate is at Risk!
  • 62. After Planning Your Estate has Defenses!
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