Asset Protection

Creditor Protection for Inherited IRAs

Asset protection sometimes involves aggressive strategies and exotic offshore locations (or more mundane domestic locations, like Delaware).  Don’t forget, however, that some of the very best asset protection involves a very ordinary account: the IRA. In re Nessa, 105 A.F.T.R.2d 2010-609 (Jan. 11, 2010), held that inherited section 408 IRAs transferred to another trustee remain retirement funds [...]

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Good News (As Far As It Goes) For Self-Settled Asset Protection Trusts

PLR 200944002 (Oct. 30, 2009) is an interesting development at the intersection of estate planning and asset protection planning.  The widely accepted back story to the Letter Ruling is that it relates to Alaska asset protection trusts, a topic dear to the hearts of renowned T&E leader Jonathan Blattmachr and his brother Doug, who just [...]

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