Understand the Key Issues Today in Asset Protection

More estate plans are now including an element of asset protection. This is what estate planning expert Barry S. Engel calls “integrated estate planning” because it includes elements that are intended to be put to work before the client’s death. The use of foreign trusts and other asset protection strategies have generated some controversy and much discussion in recent years and the area is not one for practitioners to simply “dabble” in, Engel, an attorney, warns. CCH’s editors interviewed Mr. Engel recently for an article in Estate Planning Review that goes over the major issues involved in asset protection strategies and how they fit into an overall estate plan. Mr. Engel is also the author of CCH’s Asset Protection Planning Guide and has set up asset protection plans for many of his estate planning clients over the years.

* * * * *

This story is from the CCH’s monthly Focus on Tax newsletter, which provides advise and guidance on federal and state tax issues for tax and accounting professionals.

Read this article from CCH’s Journal of Taxation of Financial Products.

AUTHOR

Wolters Kluwer Tax and Accounting

Wolters Kluwer Tax and Accounting is a leading provider of software solutions and local expertise that helps tax, accounting, and audit professionals research and navigate complex regulations, comply with legislation, manage their businesses and advise clients with speed, accuracy and efficiency. Wolters Kluwer Tax and Accounting is part of Wolters Kluwer N.V. (AEX: WKL), a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services. Wolters Kluwer reported 2016 annual revenues of €4.3 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide. Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).

All stories by: Wolters Kluwer Tax and Accounting