By Howard Rosen

Domestic Asset Protection Trusts: Do They Work?

Howard Rosen, Esq. • September 17, 1998

Many seminars and articles of late have introduced and discussed the concept of domestic asset protection trusts. This is primarily a result of “protective” trust legislation enacted in 1997 by Alaska and Delaware (Missouri has also enacted such legislation, but has not promoted it as have Alaska and Delaware). But is this domestic planning effective?

Domestic Asset Protection Trusts: How Do They Compare With Offshore?

Howard Rosen, Esq. • March 16, 1998

In this issue we will examine the importance of proper design of the asset protection trust, and, integrally related to proper trust design, the importance of competent, experienced counsel. We’re sure you have all heard the expression, “bad facts make bad law”. That is the unfortunate circumstance of Mr. and Mrs. Anderson. Adding insult to injury, incompetent or inexperienced counsel can make matters even worse.

US Tax Law Affecting Offshore Planning

Howard Rosen, Esq. • December 1, 1997

In this issue we need to get a little bit technical: We will be discussing selected U.S. tax laws which affect the formation and operation of certain offshore entities.

Review of Offshore Jurisdictions: Jurisdiction 4 – Bahamas

Howard Rosen, Esq. • August 16, 1997

With this issue we continue our periodic review of selected offshore jurisdictions. As indicated by the above subtitle, in this issue we will review the Commonwealth of the Bahamas (“the Bahamas”).

Internal Revenue Service Targets Abusive Trust Arrangements

Howard Rosen, Esq. • July 17, 1997

Attorneys, accountants, and other professional advisors need to be aware of the significant “abusive trust arrangements” that may be solicited to clients and that may be subject to significant penalties announced in a recent IRS notice.

IRS Investigates Abusive Trusts

Howard Rosen, Esq. • April 1, 1997

For years we have been writing that offshore asset protection trusts do not offer any income tax advantages for United States citizens or residents. We have been constantly concerned about unfavorable “fallout” and/or (typical) legislative overreaction when one or more of these schemes backfired