SIOUX FALLS ESTATE PLANNING COUNCIL

ASSET PROTECTION STRATEGIES FOR A RAINY DAY

In our increasingly litigious world, an individual or family's fortune can be quickly dissipated or forfeited. We trust and estate professionals would do well to ponder the potential that the blame for the loss of a client's assets to a third-party predator, rightly or wrongly, may fall on us. Although there are strategies available to protect our clients from predatory creditors' claims, these strategies must be considered and implemented well before the potential for liability arises. The following topics will be discussed during this teleconference:

• Self-settled trusts - the good, the bad and the ugly
• Advantages and disadvantages of tenancies by the entireties
• Fraudulent conveyance issues
• Overview of international asset protection opportunities