Why You Must Discuss Asset Protection With Every Client, And What You Should Say

With fewer estates subject to tax, asset protection is more important. IA reps, especially CFPs, CPA/PFSs, CIMAs and insurance professionals should be discussing asset protection with all of their clients.

If you're giving advice on wealth management, integrating strategies to protect a client's earnings, bequests, and other assets from lawsuits, divorce, family discord, business disputes and other claims is a matter of prudence, and can make a huge difference in a client's financial life.

Beyond self-settled trusts, new state laws now enable new asset protection techniques, including the use of inter vivos QTIP, non-reciprocal reciprocal, and third-party discretionary trusts. At this session, Gideon Rothschild, a leading educator of legal, tax and financial planning professionals for over three decades, will talk about:

• Why planners need to discuss asset protection with every client
• How to protect inheritances from divorce and creditors
• Maximizing protection for IRAs
• When to use self-settled trusts
• Is it better to go offshore?

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 offshore trusts. Mr. Rothschild is a past 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 past Chair of the New York Chapter of the Society of Trust and Estate Practitioners (STEP) and a vice-chair of its US region.

This webinar is eligible for IMCA® CE, CFP® CE, PACE credit toward CLU® and ChFC® designations and live CPA CPE credit.