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Patricia Donlevy-Rosen & Howard Rosen will be among the presenters at the the BFI Inner Circle Forum 2019 to be held at the Green Valley Ranch Resort in Henderson, Nevada, September 26 – 28, 2019. Patricia will discuss the special strategies required to implement asset protection for real estate and Howard will discuss offshore wealth protection trust strategies.
April 23 2019 Both Patricia and Howard will participate in a nationwide Canadian continuing legal education program sponsored by the Osgoode Hall Law School (at York University, Toronto, Canada). Howard will discuss drafting strategies for the offshore asset protection trust and Patricia will discuss special techniques for protecting real estate from creditors.
May 1 – 3 2019 Both Patricia and Howard will participate in the Southpac Offshore Planning Institute at the Four Seasons Hotel in Nevis. Howard will discuss both drafting strategies and federal tax reporting requirements for the offshore asset protection trust and Patricia will discuss special techniques for protecting real estate from creditors. Both Patricia […]
Our Uniform Law Commission (ULC) unanimously adopted (this week) the Uniform Voidable Transactions Act.
A battle is raging between US-based attorneys over the use of Domestic Asset Protection Trusts (DAPTs) or their offshore counterparts (Foreign Asset Protection Trusts or FAPTs). Fifteen states (and counting) have enacted some form of asset protection trust legislation, but the efficacy of these DAPTs has been called into question since inception. At the 48th […]
According to the Wall Street Journal (July 15 – 16, 2006), asset protection planning has become “mainstream” planning. And just as planning professionals are obligated to advise clients on estate planning and financial planning matters, many feel that the same professionals are now ethically obligated to advise clients on asset protection matters. To determine if […]
Patricia Donlevy-Rosen, Esq. is a shareholder (partner) of the law firm of Donlevy-Rosen & Rosen, P.A. Her notable publications include the RIA Tax Advisors Planning Series titled "Asset Protection Planning". Due to Patricia's extensive experience with offshore asset protection planning and the protection of immovable assets, she is regarded as an authority on the subjects among her peers. ... Read More
Howard Rosen, Esq. is a shareholder (partner) of the law firm of Donlevy-Rosen & Rosen, P.A. His notable publications include the BNA Tax Management Portfolio titled "Asset Protection Planning" (1994, 2002), of which he is a founding author. Due to Howard's extensive experience with offshore asset protection planning and the related tax issues, he is regarded as an ... Read More
Being aware of the fact that general U.S. trust law will not be effective to protect trust assets from a settlor-beneficiary’s creditors, and seeking to obtain potential trust business, the legislatures of a number of states (nineteen as of January 1, 2020) – most notably Alaska, Delaware and South Dakota, have enacted varying degrees of […]
Let’s face it: The goal of the modern day asset protection trust is to preserve and protect your assets for your own use and benefit during your lifetime. “Having your cake and eating it too” – in a financial sense. This is the very definition of a self-settled trust. Self-settled trusts began as a protective […]
In the field of wealth protection, there are a myriad of purported strategies that have been put forth to shield real estate from future creditor claims. During our 45 years in practice, we’ve become familiar with all of them. However, only one stands out as truly effective: make your real estate “not worth going after” […]
Congratulations! You’ve won that big promotion, come into an inheritance, or sold your company at a tidy profit. Now what? You, my friend, have a wealth problem. As problems go, that’s a good one to have. You can pay off your mortgage, quit worrying about sending your kids to good colleges, take a well-deserved vacation. […]
14 questions to ask your prospective lawyer about asset protection.
Potential clients often call us asking if we can set up an “offshore account” for them. Is this what they really mean, or are they (or should they be) asking about an offshore trust? In this issue we’ll compare the asset protection efficacy of an individual establishing an offshore account versus establishing an offshore trust which itself establishes an offshore account.
We have often stated that the only way for a creditor to “get at” the assets held in a properly structured Cook Islands asset protection trust is for the creditor to bring a case in the Cook Islands. Why? The Cook Islands court is the only court which has jurisdiction (power) over the trustee, which, under trust law, is the holder of legal title to trust assets.
Today, with the ongoing turmoil in Venezuela, asset protection planning has taken on a more important aspect: protecting assets from confiscation by Venezuela (and other governments of that type), regardless of whether one desires to immigrate to the US.
This newsletter discusses a new strategy to protect real estate when one does not have an offshore trust.
October 29 2019 Howard will participate in a continuing education program for attorneys and CPA’s sponsored by the National Business Institute (in Pembroke Pines, Florida). His topic will be “Asset Protection Trusts – Domestic & Offshore”.
Effective July 1, 2013, those required to file FBARs (Report of Foreign Bank and Financial Accounts) must do so online through an e-filing portal on the Department of the Treasury’s website.
Attorneys of Donlevy-Rosen & Rosen analyze how a former Madoff client lost everything to a shaky asset protection plan
This month’s publication of BNA Tax Management’s Estates, Gifts and Trusts Journal includes a new article by Howard Rosen, Esq. and Patricia Donlevy-Rosen, Esq. titled “A Review and Critique of the Asset Protection Aspects of The 2013 Ohio Legacy Trust Act.”
A recent ICIJ report details the abuse of offshore trusts and accounts for tax evasion and money laundering. The report serves as a reminder that there are significant risks associated with improper planning and dealing with inexperienced planners. We have identified six lessons that the report provides on dealing with offshore trusts and accounts.
Howard Rosen explains asset protection planning.
How can you protect IRAs and other retirement plans? Patricia Donlevy-Rosen explains.
What is an offshore trust and how it is used in asset protection? Howard Rosen answers these questions and more in this video.
Howard Rosen discusses the tax consequences of implementing an offshore trust.
Patricia Donlevy-Rosen explains how loans can be used to protect real estate.
How can you protect assets that are stuck in the US? Patricia Donlevy-Rosen presents some advanced techniques that can accomplish just that.