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Ebook Download Asset Protection : Concepts and Strategies for Protecting Your Wealth

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Ebook Download Asset Protection : Concepts and Strategies for Protecting Your Wealth

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Asset Protection : Concepts and Strategies for Protecting Your Wealth

Asset Protection : Concepts and Strategies for Protecting Your Wealth


Asset Protection : Concepts and Strategies for Protecting Your Wealth


Ebook Download Asset Protection : Concepts and Strategies for Protecting Your Wealth

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Asset Protection : Concepts and Strategies for Protecting Your Wealth

From the Back Cover

A practitioner's guide to today's most effective asset protection strategies Shielding assets isn't easy to do in our increasingly litigious society. Yet all too often, business owners and high-net-worth individuals find it more difficult to protect their financial interests from unregulated "asset protection planners" than from the courts--and find themselves losing heavily to both. Asset Protection details today's most successful, legitimate, and court-proven strategies for protecting one's assets. Taking a unique, all-encompassing approach that minimizes complex legalese to focus on easy-to-understand, effective asset-shielding practices and techniques, this timely book discusses: The goals of asset protection, along with steps for implementing an effective asset protection program Traditional as well as new techniques--what they are, how they work, when and how to use them The vital relationship between asset protection and financial planning, and how to design one umbrella program to address both Asset Protection delivers a welcome dose of common sense and legitimacy to a field top-heavy with gimmickry and dishonesty. Written by two of today's top legal asset protection experts, it provides you with frank, pull-no-punches details on how to do everything under the law to shield assets from harm in an unpredictable and financially perilous world. For professionals, business owners, and high net worth individuals, the danger in leaving assets vulnerable to the whims of courts and claimants is higher today than at any time in the past. And while seminar speakers often refer to "bulletproof" asset protection strategies, experienced asset protection planners know that no program or method exists that is effective in every situation--because as soon as a strategy is proven effective the attempts to undermine it will begin in earnest. Asset Protection is today's most level-headed and technique-based look at how asset protection planning should be approached, both by the finance practitioner and the individual. It presents tools that have worked while warning against means that are inappropriate or even perilous, and provides guidelines for developing effective strategies that will work in both macro (broad) and micro (specific) situations. Written by two of today's most experienced and authoritative asset protection attorneys, this results-driven book provides a detailed, objective look at all vital aspects of the asset protection picture: Trusts--What they are, what they aren't, which to implement, and when Bankruptcy law --Including pre-bankruptcy planning tactics Fraudulent transfers--And the confusion underlying the Uniform Fraudulent Transfers Act (UFTA) Offshore planning--How to make it financially effective, tax-compliant, and judicious Asset exemption options--And the limits of exempt asset status In addition, Asset Protection also goes beyond other books of its type to explore the issue of morality in asset protection, and how actions that are seemingly right under the law can still lead to defeat in the courtroom. It provides different scenarios to illustrate how moral dilemmas can impact judges and juries, and discusses how to address these situations--or, better yet, keep them from ever reaching the courtroom. The future of asset protection is being written even as you read these words. Get the inside story on strategies for shielding assets both today and in the future, from everything from lawsuits and the IRS to creditors and even outright scams, in the comprehensive and indispensable Asset Protection.

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About the Author

Jay Adkisson (Laguna Niguel, CA) is a wealth planner with experience as a lawyer in high-profile cases involving offshore assets. He has been favorably featured in the Wall Street Journal, Forbes, and other major publications. Chris Riser (Atlanta, GA) is a U.S. tax attorney and director of the American Bar Association’s Asset Protection Planning Committee.

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Product details

Hardcover: 324 pages

Publisher: McGraw-Hill Education; 1 edition (June 18, 2004)

Language: English

ISBN-10: 0071432167

ISBN-13: 978-0071432160

Product Dimensions:

6.4 x 1.1 x 9.2 inches

Shipping Weight: 1.4 pounds (View shipping rates and policies)

Average Customer Review:

4.0 out of 5 stars

45 customer reviews

Amazon Best Sellers Rank:

#307,563 in Books (See Top 100 in Books)

Asset protection is an endeavor fraught with much dubious motivation and many snake oil salesmen. The common methods believed by laypeople are often ineffective or illegal, and the advice offered flogged by clever marketers is often overpriced and wrongly described. Even for competent lawyers who offer legitimate advice in this field, there are few who can match the author's breadth, scope, and depth of knowledge on the subject.Adkisson presents the topic legitimately, with all the seriousness and accurracy and wisdom that his considerable experience has endowed him.While this is not a checklist and forms manual, this is a strategic considerations guide that is indispensible to a complete and thorough understanding of asset protection. I have read a lot on the subject and practiced more than a little and never have I encountered such a complete and global overview of the topic, methods, motivations, and pitfalls.Any serious professional level practicer of estate planning and business entity formation should benefit from this topic. CPAs will benefit as much as lawyers and laypeople who have the wealth that needs protecting will do well to read it too.This book packs a hell of a bang for the buck, that's for sure.

The authors (Adkisson & Riser) define asset protection as a type of risk management designed to minimize losses due to lawsuits. This is a Darwinian field in that creditors persistently try to find fatal weaknesses in an asset protection program and only the fit programs survive. Programs can be developed using strategies of known efficacy. These programs are supported by case law, albeit the asset protection element is usually an unintended consequence. Programs based on case law are normally robust. A second category involves elements not yet settled in court. This category is often heavily advertised by promoters, like offshore trusts. Yet another category involves novel applications of techniques previously unconsidered for asset protection purposes.One takeaway is that an attorney seasoned in such matters may well construct a robust asset protection program composed of a concentric series of tested strategies. In combination such a program can serve to minimize the client's exposure to loss of assets.

Excellent book. Everyone with any assets should at lease peruse it. Well worth the few dollars to save thousands.Even if you plan to see an estate attorney, you should review the book in order to address your own concerns and ask intelligent questions.Keep this right alongside your family albums, or your bible, or kuran, or complete works of Shakespeare.

The most exciting strategy advocated in this book might be the riskiest. Chapter 20 covers Series LLCs - a very attractive concept. I researched Series LLCs further and discovered that they're not appropriate for most types of businesses and that there isn't a lot of case law supporting them. In a legal battle, the owner of this type of entity is in my view likely to incur high legal expenses.One of the things I appreciated most about this book is the logical flow of coverage. The chapters seem to flow in naturally and in a way that timely grounds the reader in prerequisite knowledge. I think anybody interested in asset protection will benefit from reading this book.

Pretty good book for attorneys or other professionals. The book could, however, use an update. Regardless, Asset Protection by Jay Adkisson is the best book, in the under $50 price range and otherwise, that I've found on the topic of offshore trusts and asset protection planning.

I found this book to be very information, detailed, yet easy to read. I enjoyed the authors balanced perspective and their efforts to debunk the common single silver bullet solutions. I have read the other few books on this topic that are newer, but in retrospect I should have started with this one. Before you invest in any type of offshore or other dubious schemes I suggest you read this book.

Asset protection is a good practical sense guide on the areas of trust, business entities and a dose of reality. If your at a point where the accumulated assets is worth protecting for yourself, spouse, kids and family then this is the book to read. Its not too technical but down to earth business sense. I find this book is geared to people that have some familarity with the business environment. If you know why you want to protect your assets then this book is the next step.

This book is an easy to read for the person who wants to know how to protect themself. This book teaches you what not to do along with what works at this time. Great book, highly recommend.

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Asset Protection : Concepts and Strategies for Protecting Your Wealth PDF

Asset Protection : Concepts and Strategies for Protecting Your Wealth PDF

Asset Protection : Concepts and Strategies for Protecting Your Wealth PDF
Asset Protection : Concepts and Strategies for Protecting Your Wealth PDF

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