Advanced estate planning is especially important for HNW and UHNW clients in the current planning environment, with changing tax laws and economic uncertainty. Domestic Asset Protection Trusts (DAPTs) and Special Power of Appointment Trusts (SPATs) are useful in protecting assets from creditors, minimizing estate and gift taxes, and allowing flexibility in accessing assets. This program will include case studies and practical applications for using these two trusts effectively, avoiding common pitfalls and maximizing protection, and understanding the tax and legal considerations involved.

A family holding company is an LLC (limited partnership): Instead of transferring an asset directly into the hands of the next generation, combine family-owned assets into a family holding company and use it as a centralized way of managing the family’s wealth. This ensures assets can be controlled by you, but shifted out of your estate and to your future generations or trusts for their benefit.