Tag: asset protection news

New Article on Rush University Case

Howard Rosen, Esq. • January 7, 2013

A controversial case in the field of asset protection is analyzed by asset protection attorneys.

Tenancy by the Entireties Protection Weakened: The Craft Case + Cook Islands / Nevis Update

Howard Rosen, Esq. • May 16, 2002

Tenancy by the entireties (“TBE”) is a form of joint ownership which is created during marriage and which can only exist between spouses. Among the traditional legal characteristics of TBE is that one spouse cannot mortgage, sell or otherwise dispose of any portion of the property without the joinder of the other spouse, as the property is deemed to be owned by the marital unit and not by either spouse individually.

Merrill Scott and the Anderson Case: There’s Good News and More Good News

Howard Rosen, Esq. • February 16, 2002

The APN has repeatedly warned our readers against so called “too good to be true” income tax reduction schemes involving offshore entities. In this issue we’ll see what recently happened in one such case.

Asset Protection Update: Report on Federal & Florida Developments

Howard Rosen, Esq. • October 20, 2001

Volume X, Number 2 – October / November 2001 INTRODUCTION This issue was scheduled to discuss certain qualified retirement plan protection techniques. Instead, we want to alert you to interesting recent developments. FEDERAL UPDATE The new bankruptcy law, which, prior to September 11, was certain to have been enacted, is now defunct. In view of […]

Keeping What’s Yours: Why Pay More In Estate Taxes Than you Have To?

Howard Rosen, Esq. • June 16, 2000

Most issues of the APN dealing with offshore trusts have focused on the use of such trusts for asset protection. Another, very important, use of a certain type of offshore trust is to effect an estate tax savings. This is accomplished by “freezing” the value of trust assets vis-a-vis the settlor’s estate at current values.

The Cook Islands Stand Up to the U.S.

Howard Rosen, Esq. • September 16, 1999

The Andersons established a Cook Islands Trust and funded it with (among other assets) commissions earned in connection with marketing late-night water-filled dumbbells and similar products. The Federal Trade Commission (“FTC”) sought to freeze the Anderson’s assets (along with the assets of others involved in the program) and found, to its dismay, that it could not freeze the Anderson’s assets because they were safely tucked away in a Cook Islands Trust.