SBCBA Estate Planning/Probate Section Presents: “Drafting Considerations for the Asset Protection Trust”
When: Wednesday May 17th, 2023 from 12:00 – 1:15 PM
Where: The Colleges of Law – Santa Barbara Campus 20 E. Victoria Street Santa Barbara, CA 93101
MCLE: 1.00 Hour(s)
About the Event: Often an attorney will utilize the trust form supplied by an offshore trustee company to expedite the process of implementing an asset protection trust for the client. We have found serious problems with such supplied trust forms. Quite frequently such forms do not take into consideration U.S. tax consequences and other important matters.
This presentation covers the use of special provisions for asset protection trusts (applicable to both domestic and offshore trusts). The discussion includes (examples): trust protector provisions (an oversight facility) – what they are, sample language, how they are used, what they should include; flight provisions (moving the trust from one jurisdiction to another) – what they are, sample language, how they are used, when it is appropriate to use, what they should include, mechanism to ensure its functionality; duress provision – what it is, sample language, how it is used, what it should include, mechanism to ensure voluntary acts only; effect of discretionary distribution/allocation provisions, and others.
Speaker: Howard Rosen
Howard Rosen is an AV ® Preeminent™ rated Attorney and Certified Public Accountant practicing law in Miami, Florida, as a shareholder (partner) in the firm of Donlevy-Rosen & Rosen, P.A. (the “AV Preeminent” rating is the highest rating accorded by Martindale-Hubbell, an internationally recognized independent attorney rating organization). Donlevy-Rosen & Rosen, P.A. is listed in Martindale Hubbell’s Bar Register of Preeminent Lawyers.
Mr. Rosen served as an Adjunct Professor and lecturer at law at the University of Miami School of Law for twenty years (1991 – 2010), was a guest lecturer at the University of Miami School of Business Administration, and is an internationally recognized authority and frequent lecturer on the subjects of asset protection, taxation, and estate planning. Mr. Rosen is the Chairman of the Asset Protection Committee of the American Academy of Attorney – Certified Public Accountants (2004 – Present).
Cost: $30 per person (Light lunch included)
Please mail checks by Wednesday, May 10th, 2023, payable to Santa Barbara Bar Association, 15 W. Carrillo Street Suite 106, Santa Barbara, CA 93101.Or call to pay via credit card: 805-569-5511.
R.S.V.P.: Please contact Marietta Jablonka at sblawdirector@gmail.com