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- Title
Transferring Assets Could be the Best Protection.
- Authors
Blau, Joel M.; Paprocki, Ronald J.
- Abstract
The article discusses a strategy for protecting assets of an at risk individual. It notes that effective and non-fraudulent transfer of assets to non-risk entities like a spouse or children is one of the most effective strategies in asset protection. It cites that transfer of assets should not be executed with the intent to defraud a debtor or after learning of an impending lawsuit. The article suggests that asset transfers for protection purposes should also consider goals for long-term estate planning.
- Subjects
ASSETS (Accounting); DEBTOR &; creditor; ACTIONS &; defenses (Law); ESTATE planning; FINANCIAL planning
- Publication
AUANews, 2009, Vol 14, Issue 9, p27
- ISSN
1088-7350
- Publication type
Article