For Clients

E-Filing Requirement for FBAR

Howard Rosen, Esq. • August 10, 2013

Effective July 1, 2013, those required to file FBARs (Report of Foreign Bank and Financial Accounts) must do so online through an e-filing portal on the Department of the Treasury’s website.

Madoff Claw-back Case Reveals Flawed Asset Protection

Howard Rosen, Esq. • August 8, 2013

Attorneys of Donlevy-Rosen & Rosen analyze how a former Madoff client lost everything to a shaky asset protection plan

BNA Publishes Partners’ Article on Ohio Asset Protection Law

Howard Rosen, Esq. • July 11, 2013

This month’s publication of BNA Tax Management’s Estates, Gifts and Trusts Journal includes a new article by Howard Rosen, Esq. and Patricia Donlevy-Rosen, Esq. titled “A Review and Critique of the Asset Protection Aspects of The 2013 Ohio Legacy Trust Act.”

6 Lessons from Report on Foreign Trust Abuse

Howard Rosen, Esq. • April 9, 2013

A recent ICIJ report details the abuse of offshore trusts and accounts for tax evasion and money laundering. The report serves as a reminder that there are significant risks associated with improper planning and dealing with inexperienced planners. We have identified six lessons that the report provides on dealing with offshore trusts and accounts.

Ohio Asset Protection: Loopholes and Limitations

Howard Rosen, Esq. • February 27, 2013

The Ohio Legacy Trust Act goes into effect on March 27, 2013. The act purports to be a domestic asset protection trust solution. The reality is that Ohio is merely the latest state to enact law that protects assets from creditors “sometimes.”

In re Marciano – an analysis of the impossibility defense in contempt

Howard Rosen, Esq. • February 4, 2013

For the past two decades, naysayers jump at any case where a debtor is held in contempt and happens to have a trust, with the overt statement or implication that asset protection planning results in contempt. The most recent case drawing such attention comes to us from California in the form of Marciano, and close analysis reveals very different reasons for the debtor’s incarceration.