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Using Trusts to Protect Assets in a Divorce

Author: Jacob Stein • Tags: asset protection, california, divorce, family, living trust, planning, trust • Posted on: May 21, 2014

Marriage is entered into with optimism and good faith, but it is almost careless not to prepare for the possibility of a marriage breakdown.

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Citizenship for Sale in the Caribbean

Author: Jacob Stein • Tags: asset protection, foreign, investment, irs, offshore, planning, tax law • Posted on: Feb 12, 2013

Here is an interesting article from AP about citizenship for sale in the Caribbean. Most nations sell citizenship, or at least permanent residence with a path to citizenship (including the U.S. and many EU nations) - Caribbean nations make it very affordable. We have helped our clients obtain citizenship in various countries, mostly in East Caribbean. The need for a second citizenship is usually fueled by tax planning (i.e., the client is planning to surrender primary citizenship) or politics (if you may need to flee Russia or Saudi Arabia someday, you need a second passport). Costs and difficulty of obtaining second citizenship varies by country, but in all cases the most important consideration is the ability to travel using the second passport. For example, an individual holding a U.S. or a Schengen passport may travel most anywhere in the world without a visa. The same is not true for citizens of many Caribbean nations.

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Gift Now!

Author: Jacob Stein • Tags: estate planning, estate tax, family, living trust, tax law • Posted on: Nov 09, 2012

With Democrats retaining control of the White House and of the Senate it is very unlikely that there will be an extension of the current $5 million exemption for transferring assets to children by gift or on death. On January 1, 2013 the exemption drops to $1 million and the tax rate goes up from 35% to 55%. We strongly encourage all of our clients (and all taxpayers) to gift today and take advantage of the $5 million exemption before it disappears. The difference between what you children will get if you plan today, versus putting it off until 2013 is literally in the millions. Gift Now!

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Asset Protection for a Married Couple

Author: Jacob Stein • Tags: asset protection, family, planning • Posted on: Mar 23, 2011

There are several scenarios for married couples to consider in asset protection planning: To protect assets from creditors or potential lawsuits, to provide for a spouse and/or minor children after death, and to protect oneself in the event of a divorce. 

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New Class on Estate Planning

Author: Jacob Stein • Tags: cpa, estate planning, seminar • Posted on: Oct 13, 2010

By the time 2010 draws to a close I will end up having taught well over 50 seminars this calendar year.  Most are full day programs.  It is hard work, but I enjoy teaching, and it keeps me out of trouble.

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UBS Story Finally Draws to a Close

Author: Jacob Stein • Tags: planning, tax law • Posted on: Jun 17, 2010

After many months of suspense, the Swiss parliament has finally approved the deal struck by UBS and the US Justice Department to disclose the names of about 4,500 US-based clients of UBS who are suspected of tax dodging.

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Too Late!

Author: Jacob Stein • Tags: asset protection, lawsuit, planning • Posted on: Feb 04, 2009

Is it ever too late to protect assets? The answer is of course! How about when a lien is placed by a creditor on the debtor’s assets.

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Economic Downturn a Boon for Asset Protection

Author: Jacob Stein • Tags: asset protection, planning • Posted on: Oct 01, 2008

The economic woes that have already impacted so many businesses are a boon for those of us who practice in the area of asset protection. About one year ago the flood gates opened and mortgage bankers, mortgage brokers and real estate developers poured in.

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Downturn in the Real Estate Market Leads to More Asset Protection Planning

Author: Jacob Stein • Tags: asset protection, foreign, offshore, planning • Posted on: Mar 20, 2008

Following the credit crunch of August 2007, the real estate market has experienced a significant decline. Many of our clients are heavily invested in real estate or are involved in various development projects. For them, the reality of the declining market means a lot more than an interesting headline. It means that their entire estate may be facing a risk of loss. Here is a real life example.

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Latest Video Bob Klueger Estate Tax Law Video Bob Klueger talks about the effects of the new tax law.
Featured Article
RobbReport.com speaks with asset protection specialist Jacob Stein of Klueger & Stein, LLP in Los Angeles about the importance of protecting valuable assets, such as your private residence, rental real estate, investments and retirement plans.