Asset Protection - Legal and Financial Planning Strategies

Learning Objectives

• To recognize key asset protection principles
• To provide an overview of various strategies that can be incorporated into financial plans
• To recognize various strategies to protect key assets
• To identify various strategies to limit key liabilities
• To recognize using insurance, professionals such as Doctors, Dentists, Chiropractors, Veterinarians, etc.), and attorney to zero down on the customized plan

Course Description

This course is valid up to October 18th, 2024 for CDFA Professionals. It is advisable to complete this course before that to process the credit on time.

DID YOU KNOW – that there are over 40 million lawsuits filed in the United States EVERY YEAR?

The best asset protection strategies involve legal tools and financial plans developed to shield valuables from lawsuits. These include analyzing a list of assets that need protection and determining which legal instrument or strategy would ideally protect each one. Examples include forming certain types of trusts and companies and taking advantage of regional laws designed to protect assets. It can aid in achieving financial goals, estate planning for the next generation, as well as facing the reality that we are all vulnerable to litigation. Through pre-planning is best, there are even ways to protect yourself after a lawsuit is filed.

Asset Protection Strategies are critical to all financial plans. This course will provide an overview of various strategies that can be incorporated into plans. In this workshop we will cover the following topics to help you in having conversations with your clients about the legal aspects of business planning:

• Asset Protection Principles 1) Privacy 2) Fraudulent Transfers 3) Separation of Assets (Legal Walls) 4) Forum (Jurisdictional) Shopping 5) Bargaining Power 6) Exemption Planning
• Insurance and Asset Protection Planning
• Liability Planning for Professionals (Doctors, Dentists, Chiropractors, Veterinarians, etc.)
• Using an Attorney to help build financial plans

Glen Wagstaff, an experienced Estate Planning attorney, will be providing a workshop for Financial Professionals to help them guide their clients with strategies to protect their assets and limit their liability.

Overview

• Why should you be discussing Asset Protection Planning with your Clients?

  3 mins
• The Best Practices of Asset Protection?

  14 mins
• Uniform FraudulentTransfer Act

  28 mins
• Planning Principles

  35 mins
• Layers of Procetion

  54 mins
• Forum Shopping

  62 mins