Perspective
Oct. 8, 2010
Estate Tax Planning Is Asset Protection Planning
In troubled times, professionals and their clients should weigh the benefits of estate planning strategies. By Bruce Givner and Owen Kaye of Givner & Kaye.
In troubled economic times professionals and their clients both spend more time thinking about "creditor protection" planning, sometimes referred to as "asset protection" planning. However, single purpose planning is not wise: a transfer made to hinder a creditor is fraudulent. Therefore, it is comforting to know that many structures that reduce the value of assets for estate tax purposes also have the eff...
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