The Asset Protection Planning Continuum: Practical Steps for Estate Planning LawyersSKU: EST5100
Available In:
Total Credits
1 - 1.5
Price$75
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DescriptionAsset protection planning is appropriate for every client, not only the wealthy surgeon or wealthy business owner creating an asset protection trust (APT). With the declining relevance of estate tax planning, and the possible repeal of the federal estate tax, estate planning is being transformed. Maximizing income tax basis on death will only hold modest allure for most clients. However, asset protection planning, is relevant to every client. The construct of an asset protection planning continuum will help estate planners of all disciplines who are not specialized in asset protection planning, and clients, view the process as a progression from simpler less costly steps to more-costly and complex steps. Planning should thus start with the basic levels and proceed upward to the degree appropriate for the particular client and his or her circumstances and budget. Thus every client should have asset protection planning done, the only question is how much. Asset protection planning steps range along a wide continuum that start with many simple and low cost steps (e.g. proper title to assets), more complex steps that require some cost (e.g., creating various LLCs or other entities), to more complex and costlier steps (e.g., common irrevocable trusts), to the most involved planning including asset protection trusts. This practical “how-to” CLE program will provide an overview of the asset protection continuum. Lecturer BiosMartin M. Shenkman, Esq.Martin M. Shenkman, CPA, MBA, PFS, AEP (distinguished), JD, is an attorney in private practice in Paramus, New Jersey and New York City. Practice concentrates on estate and tax planning. He is the author of 42 books and more than 1,000 articles. He is active in many charitable causes and founded ChronicIllnessPlanning.org which educates professional advisers on planning for clients with chronic illness and disability. He has a Bachelor of Science degree from Wharton School, with a concentration in accounting and economics, an MBA from the University of Michigan, with a concentration in tax and finance, and a law degree from Fordham University School of Law. To learn more about Marty visit his website http://shenkmanlaw.com Alan S. Gassman, J.D., LL.MAlan S. Gassman is a board certified Trust and Estates lawyer practicing with the Clearwater, Florida law firm of Gassman, Crotty and Denicolo, P.A., which he founded in 1987. The firm focuses on the representation of high net worth families, physicians, and business owners and their companies in estate planning, taxation, and business and personal asset structuring. Mr. Gassman is the primary creator and developer of EstateView software, which allows for the design, illustration and analysis of estate tax, estate planning and charitable strategies. Jerry Hesch, Jonathan Blattmachr, Robert Keebler and Mr. Gassman serve as the Creative Team that continues to develop this software. He is also the lead author of many books, including Gassman and Markham on Florida and Federal Asset Protection Law, The Estate Planner's Guide to Bankruptcy, Florida Law for Tax, Business & Financial Planning Advisors, Eight Steps to a Proper Florida Trust and Estate Plan, A Practical Guide to Kickback & Self-Referral Laws for Florida Physicians, The Florida Power of Attorney & Incapacity Planning Guide, The Florida Advisor’s Guide To Counseling Same Sex Couples, and is co-author of the Legal Guide To NFA Firearms and Gun Trusts, among others. Mr. Gassman is a frequent speaker for continuing education programs and has published well over 200 peer reviewed articles with publications such as Bloomberg BNA Tax & Accounting, Trusts and Estates Magazine, Estate Planning Magazine, The Florida Bar Journal, Forbes, and Leimberg Information Services Inc. (LISI). He is also a past President of the Pinellas County Estate Planning Council and has co-chaired over 40 Florida Bar continuing legal education programs, including over 15 years each for Wealth Protection and Representing the Physician. Mr. Gassman is also an Adjunct Professor of Law at Stetson University College of Law in Gulfport, Florida, where he created a course entitled “Law Practice Management and Professional Mastery” and lectures occasionally on estate planning topics. He has also served as an expert witness in tax, creditor protection and estate planning matters in both Federal and State Court. Mr. Gassman holds a law degree and a Masters of Law degree (LL.M.) in Taxation from the University of Florida, and a business degree from Rollins College. Mr. Gassman is board certified by the Florida Bar Association in Estate Planning and Trust Law and was inducted into the Estate Planning Hall of Fame Class of 2021 and has received the Accredited Estate Planner Designation from the National Association of Estate Planners & Council (NAEPC). Mr. Gassman has maintained an AV rating from the Martindale-Hubbell for over 20 years and is listed in both Best Lawyers in America and Florida Super Lawyers. |
