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How to Design, Explain, and Implement Dynasty Trusts And Asset Protection Trusts And Maximize Benefits

Product Code - TMA35
Speaker(s): Steven J. Oshins, Law Offices of Oshins & Associates, LLC and Alan S. Gassman, Gassman Bates & Associates PC
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Planners and their clients are adapting to the significant opportunities provided by the 2010 Estate Tax changes and state law developments to protect their wealth both from estate tax and potential creditor claims. This webinar, offered by two of leading practitioners in estate tax law, provided tax advisors with very interesting opportunities, and a new synergism between business and tax purposes that can cause exiting opportunities for all concerned.

This live webinar discussed:

• Advising Clients on Optimum Use of the $5,000,000 Gift Exclusion.
• Using Income Tax Disregarded Trusts.
• How and When to Make a Grantor a Beneficiary.
• Complete Gift Versus Incomplete Gift Trusts.
• Learn why asset protection planning is so important.
• When to use home state trusts, out-of-state trusts and offshore trusts and why.
• Hear about the differences among the state laws so you know which jurisdiction to select for your trusts.
• Go through the Nevada Asset Protection Trust and Double Nevada LLC strategy to create belt and suspenders structuring for potential creditors.
• Converting Traditional Asset Protection Trusts into Completed Gift Trusts.
• Designing Subsidiary Entity Structures, Including Limited Partnerships, LLC's and Recent State Law Planning Opportunities.

Educational Objectives
• Reviewed the primary kinds of irrevocable trusts used for gifting and family wealth preservation.
• Became conversant with the primary rules, opportunities and limitations with respect to trust and wealth protection choices
• Knew how to convert "asset protection" trusts to gift and estate tax complete dynasty trusts, and what jurisdictions work best for this.
• Understood the mechanics of the Double Nevada LLC strategy and other effective wealth protection techniques and how they dovetail with estate tax planning under the temporary
$5,000,000 gifting exemption.

Steven J. Oshins, Law Offices of Oshins & Associates, LLC and Alan S. Gassman, Gassman Bates & Associates PC

Steven J. Oshins is a member of the Law Offices of Oshins & Associates, LLC in Las Vegas, Nevada. He was voted into the NAEPC Estate Planning Hall of Fame® and will be inducted in 2011. He has authored numerous estate planning and asset protection articles in magazines including Tax Management Estates, Gifts and Trusts Journal, Estate Planning, Trusts & Estates, Probate & Property, and many others. He is also a frequent lecturer nationally on advanced estate planning and asset protection techniques, including lecturing at the Heckerling Institute on Estate Planning.

Steve has been very active over the past decade in helping get some of the most valuable trust and creditor protection laws passed in the state of Nevada. In the 2001 legislative session, he co-authored Nevada’s charging order law for limited liability companies and limited partnerships, making the charging order the exclusive remedy for a judgment creditor under Nevada law. In the 2005 legislative session, he authored Nevada’s 365-year rule against perpetuities law that now allows people to set up 365-year dynasty trusts in Nevada. Most recently he authored a law creating a new form of business entity called the Restricted LLC and Restricted LP in the 2009 legislative session making Nevada the first state to offer these favorable laws that allow for significantly higher valuation discounts than are allowed under any other state law.

Steve has been featured and/or quoted in many media publications including, among others, The Wall Street Journal, Forbes, Bloomberg, Financial Times, and Kiplinger’s. He was interviewed by former Good Morning America Co-Host Joan Lunden for a dynasty trust DVD that has been distributed nationally by financial planners and life insurance agents since early 2009.

Alan S. Gassman


Education: Rollins College (B.A., with distinction, 1980); University of Florida (J.D., with honors, 1982; LL.M., Taxation, 1983).

Listed in: Florida Trend's 2004 "Top 1.8% of the Best Lawyers in Florida"; Who's Who in American Law, 1991-1998; Who's Who in America, 1998; Who's Who in Science and Industry and Law and Leading Lawyers. Mr. Gassman has received an AV rating in Martindale-Hubbell Directories, based upon confidential colleague survey, which is the highest rating available.

Author: Articles published in Journal of Asset Protection: "Implementing Asset Protection Strategies to Protect the Medical Practice," Nov./Dec. 1996 and "Tax Planning for Offshore Trust Arrangements," July/Aug. 1997; Articles published in Medical Staff Counselor: "Structuring Group Medical Practices: Shareholder and Partnership Agreements," Fall 1992 and "Structuring Group Medical Practices: Tax Planning Aspects; Articles published in Estate Planning Magazine "The 10 Most Common Mistakes that Estate Planners Make in Asset Protection Matters"; and over 200 more articles.

Member: Board of Advisors, Journal of Asset Protection (1994-1997), Law & Leading Attorney, 1996-2000. Contributing Author, Leimberg Information Services (LISI). President, Pinellas County Estate Planning Council, 1994. Fellow, American Bar Foundation. Member, National Association of Estate Planers & Councils.

Continuing Education Programs: Co-Chairman and Presenter of the Florida Bar's annual Physician Representation Seminar, and Vice Chairman and Presenter of the Florida Bar's annual Wealth Conservation Seminar. Mr. Gassman's outlines on Asset Protection In the Estate Plan, Physician Disaster Avoidance, and What Every Doctor Should Know About Asset Protection have and continue to be presented each year at numerous continuing education and professional seminar conferences, including the ALI-ABA Sophisticated Planning Techniques Seminar in Boston, Massachusetts, The Midwestern Estate and Tax Planning Conference in Indianapolis, Indiana, The Florida Society of Osteopathic Physicians and numerous Estate Planning Council presentations throughout the State of Florida.