Asset Protection Law
Asset Protection Law - US
- ABA - Real Property, Trust and Estate Law Section
The Real Property Division focuses on legal aspects of property use, ownership, development, transfer, regulation, financing, taxation and disposal. The Trust and Estate Division focuses on all aspects of trusts, estate planning, employee benefits, insurance, and probate and trust litigation.
- Asset Guarantee Program (AGP)
Under the Asset Guarantee Program (AGP), Treasury will guarantee certain assets held by the qualifying financial institution. The set of insured assets is selected by the Treasury and its agents in consultation with the financial institution receiving the guarantee. In accordance with section 102(a), assets to be guaranteed must have been originated before March 14, 2008.
- Asset Protection - Wikipedia Overview
Asset protection consists of methods available to protect assets from liabilities arising elsewhere. It should not be confused with limiting liability, which concerns the ability to stop or constrain liability to the asset or activity from which it arises. Assets that are shielded from creditors by law are few (common examples include some home equity, certain retirement plans and interests in LLCs and limited partnerships (and even these are not always unreachable)). Assets that are almost always unreachable are those that one does not hold legal title to. In many cases it is possible to vest legal title to personal assets in a trust, an agent or a nominee, while retaining all the control of the assets.
- Asset Protection Trust - Overview
An asset protection trust is a self-settled spendthrift trust. This means it is a trust that an individual creates a trust for himself that is protected from creditors. Asset protection trusts are normally found outside of the United States. Asset protection trusts do not generally exist in the United States.
- Financial Stability Plan
To address the financial crisis, the Financial Stability plan is designed to attack our credit crisis on all fronts with our full arsenal of financial tools and the resources commensurate to the depth of the problem. To be successful, we must address the uncertainty, troubled assets and capital constraints of our financial institutions as well as the frozen secondary markets that have been the source of a significant portion of our lending for everything from small business loans to auto loans.
- IRS - Distressed Asset Trust (DAT) Tax Shelters
This paper addresses a variation on the use of distressed assets (including creditors’ interests in debt) to shift economic losses from a tax-indifferent party to a U.S. taxpayer. A distressed asset trust (DAT) transaction typically involves the use of trusts to shift built-in losses from a tax-indifferent party to a U.S. taxpayer who has not incurred an economic loss.
- Special Inspector General for the Troubled Asset Relief Program (SIGTarp)
The Office of the Special Inspector General for the Troubled Asset Relief Program ("SIGTARP") was established by the Emergency Economic Stabilization Act of 2008 ("EESA"). Under EESA, the Special Inspector General has the responsibility, among other things, to conduct, supervise and coordinate audits and investigations of the purchase, management and sale of assets under the Troubled Asset Relief Program ("TARP"). SIGTARP's goal is to promote economic stability by assiduously protecting the interests of those who fund the TARP programs - i.e., the American taxpayers.
- Troubled Assets Relief Program (TARP)
The Troubled Assets Relief Program (TARP) was established under the EESA with the specific goal of stabilizing the United States financial system and preventing a systemic collapse.
Organizations Related to Asset Protection Law
- Asset Protection
Total asset protection – legally, quickly, conveniently, inexpensively and privately by the Web's oldest and most knowledgeable asset protection site.
- Asset Protection Information
Sadly the first question usually asked when a lawsuit is being considered is the extent of the other parties net worth. And in Canada as long been the practice in the States, lawyers are now allowed to be take cases on an agreed percentage of the awards if they win. Asset protection strategies are definitely something every one needs to put in place.
Publications Related to Asset Protection Law
- Asset Protection Law Journal
Asset protection involves careful judgment about what would ultimately happen in a courtroom under various circumstances. An attorney who has participated in some trials and who has taken and defended depositions will more likely have a good idea what will happen in a lawsuit brought by one of your creditors. Experience with limited liability companies, limited partnerships and trusts is also important.
- Trusts and Estates - Asset Protection
Trusts & Estates is the town center where experts who serve the planning needs of the ultra-wealthy gather to gain insight into their specialties and to learn about related professions. Community members include estate-planning lawyers, corporate and individual trustees, financial planners, accountants, investment advisors, charitable giving specialists, family office executives, insurance agents, and valuation experts.
Articles on HG.org Related to Asset Protection Law
- Rejection of Haircut Appeals by the Supreme Court of CyprusThe Supreme Court on Friday, 7 of March, delivered its long-awaited decision with regard to the appeals lodged by Laiki’s and BoC’s depositors who lost part of their money in the €10 billion bail-in plan for Cyprus. More than 3.000 appeals of uninsured depositors were filed before the Supreme Court requesting the decision to be revoked.
- Judicial Review against the Haircut on Laiki’s and BoC’s Depositors - CyprusThe judicial proceedings against the haircut on Laiki and Bank of Cyprus’ depositors are ongoing. The objective of the applications filed for judicial review is to annul the governmental decrees by which deposits in excess of €100.000 in Laiki and BoC were subjected to massive reductions.
- Stocks in Panamanian CorporationsIn few months the Rules of the game for Panamanian Corporations could be changed.
- Reduce Personal Liability from Your BusinessHere is a quick outline to help you avoid personal liability from your business. You’ll see that most of the authors advice derives from an informed use of corporations and corporate law, which is why…
- Cyprus Developments on Banking Sector – Overcoming the DifficultiesCyprus is struggling with the worst crisis in its history since the 1974 invasion by Turkish military forces that divided the country in two.
- Schwab Auction Rate Securities' Investors, Are Your ARS Accounts Now Frozen?Many investors have been "left out in the cold," so to speak, after they were left holding an unsalable product they were told was safe, secure, and "as good as cash." Investors were told that Schwab's Auction Rate Securities (ARS) were both liquid and safe when they were anything but. The economy's collapse in 2008 left investors out in the cold;t these illiquid assets could no longer be touched and they were in assets worthless.
- Protection of Clients Assets - MaltaOn 8th February 2013, the International Organization of Securities Commissions (IOSCO) published a consultation paper on recommendations regarding the protection of client assets – Consultation Report CR02/13.
- FATF Recommendations to Turkey and Draft on Preventing Terrorism FinancingOn 19 October 2012, the FATF (Financial Action Task Force) has decided to suspend Turkey’s membership on 22 February 2013 unless the following conditions are met before that date: (1) Turkey adopts legislation to adequately remedy deficiencies in its terrorist financing offence; and (2) Turkey establishes an adequate legal framework for identifying and freezing terrorist assets consistent with the FATF Recommendations.
- Keep or Toss? A Guide for Retaining Financial RecordsAre you worried about an Internal Revenue Service (IRS) tax audit? Does that worry make you keep records too long and clutter your living quarters? If a mountain of financially related documents is threatening to overwhelm your space and your sanity, it is time to de-stress.
- Protecting Your Assets from Expanding Nursing Home CostsNursing home costs are rising, which could be detrimental to your financial health should you find yourself in need of nursing home care, or even that of an assisted living community. In fact, the average annual cost for a nursing home is running around $75,000 per person. Having insurance won’t be much of a help since most insurance plans do not cover the costs associated with a nursing home.
- All Banking and Finance Law Articles
Articles written by attorneys and experts worldwide discussing legal aspects related to Banking and Finance including: asset protection, capital markets, corporate finance, financial planning, financial services law, investment law, offshore accounts, private equity, project finance, public finance, securities, trade investment and venture capital.