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Abstract: 

A coordinated effort on the part of all of the client’s professional advisors is required to implement a comprehensive wealth preservation design. Identifying the potential creditors will require interaction by all involved. The issues to be reviewed include not only estate tax considerations but also (1) fraudulent transfers, (2) gifts and gift giving devices, (3) spousal arrangements, (4) retirement planning, (5) venue considerations and (6) structures and entities employed in a plan. Last minute efforts or secret arrangements, however, will seldom be effective and pose serious ethical concerns for both the client and the advisor. Only when all the issues are presented and all the options understood can the planner engineer an appropriate design for the client’s circumstances using techniques, both traditional and progressive, for protecting and preserving assets for the next generation.

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Affiliations:  1: Horwood Marcus & Berk Chartered; 2: Horwood Marcus & Berk Chartered.