Asset Protection Utilizing Michigan’s Recently Enacted Domestic Asset Protection Trust
Total Credits: 2 including 2 Specialized Knowledge - Technical
- Average Rating:
- 3
- Categories:
- Partner Produced | Personal Development
- Speakers:
- George W. Gregory, CPA, JD | Jeffrey A. Robbins, CPA, JD | Michael A. Weil, JD
- Course Levels:
- Overview
- Duration:
- 2 Hours
- License:
- Product Setting: Expires 40 day(s) after program date.
Description
Michigan enacted a statute for Domestic Asset Protection Trusts (DAPT) for Michigan residents. This enables the transfer of property to the DAPT while retaining the right to receive benefits from the DAPT. Prior to the enactment of this legislation, creditors had access to these assets. If the facts are properly documented and the DAPT is property administered, creditors will largely be unable to reach these assets. Learn about setting up and administering DAPTs and the impact of Michigan’s new voidable Transfer Act (formerly the Fraudulent Transfer Act.)
Basic Course Information
Learning Objectives *Learn who should consider DAPTs. Learn how you can help in developing the facts and administering the DAPTMajor Subjects *What was the old law and what is the new law *Who is a suitable DAPT candidate *The importance of the affidavit and the financial statement type information needed and how to assemble it *How to help the Trustee administer the DAPT *Michigan’s Voidable Transfer Act
Course Materials
| Important CPE Credit Information_READ BEFORE WEBCAST UPDATED (0.47 MB) | Available after Purchase | ||
| Asset Protection with Michigan’s Domestic Asset Protection Trust_Handout_Gregory, Robbins, and Weil_11.14.pdf (0.13 MB) | 23 Pages | Available after Purchase |
Speaker
George W. Gregory, CPA, JD Related Seminars and Products
George W. Gregory is a CPA, but practices law in Troy, Michigan, specializing in tax law, estate planning, business law, and probate. George is active in the Taxation Section and the Probate and Estate Planning Section of the State Bar of Michigan. George has been active in MICPA committees. He has written about tax related topics in various publications. George has a B.A. from Michigan State University (B.A., Economics), an M.B.A. and J.D. from Wayne State University. George has been a fellow of the American College of Trust and Estate Counsel since 1998. Martindale Hubble rates George as AV (very high to preeminent in legal abilities, general recommendation is very high). George has been listed in every issue of The Best Lawyers in America since 2000, and every issue of Michigan Super Lawyers since 2006.
Jeffrey A. Robbins, CPA, JD Related Seminars and Products
Jeffrey A. Robbins is a CPA, but practices law in Bloomfield Hills, Michigan, specializing in wealth and business planning for individuals and their businesses. Jeffrey is active in various MICPA committees. Jeffrey has a B.A. from the University of Michigan (B.A., Economics), J.D. from Wayne State University and an LL.M (in Taxation) from New York University. Jeffrey is a shareholder at Hertz Schram, PC and the head of its estate planning and business planning practice sections.
Michael A. Weil, JD Related Seminars and Products
Michael A. Weil is a partner in the Southfield office of Jaffe Raitt Heuer & Weiss. He is a member of the Firm's Tax and Estate Planning Practice Groups, specializing in tax planning for business and individuals, as well as estate planning. Mike is also a CPA and has been frequent lecturer for the MICPA and other groups on various tax and estate planning topics. He is a graduate of both the University of Michigan School of Business Administration and Law School.
Additional Info
Basic Course Information
Prerequisites NoneAdvanced Preparation None
Designed For CPAs, Tax Practitioners, Financial Planners, CFPs, PFSs and anyone working within a tax practice
Original Recording Date 11/14/2017
Yellow Book No
Course Developer MICPA
Date Added to Catalog 09/18/2017
Additional Information
Complaint Resolution Policy Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).Official Registry Statement
Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Instructional Delivery Method Group Internet Based
Course Registration Requirements Online Registration
Refund/Cancellation Policy Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
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