I hope you have enjoyed your summer.  Mine has been filled with continuing legal education and travel. Last week I was in Chicago for the Wealth Counsel Annual Estate Planning Symposium.  In June and July I spent a total of seven days in additional estate, asset protection and business related educational courses in my promise to you to stay current on the ever changing law and the latest planning techniques.

Listed below is a preview of what I will cover at our annual educational event entitled “Preparing for 2011” on September 16, 2010.

•    State of the Estate Tax: Looks like we are heading back to the $1million death tax exemption.  Advanced planning is going to be necessary for most clients. Learn how creating trusts for your home(s) or life insurance can preserve your financial legacy, reduce estate tax liability and how you can effectively pay for tax liability so your heirs don't have to.

•    Asset Protection:  Domestic Asset Protection Trusts are hot especially in Nevada where state statutes protect your wealth from creditors and lawsuits.

•    Valuations and Tools:  All time low appraisals and interest rates make it a favorable time to freeze and squeeze your estate to remove future appreciation and give more to your loved ones rather than Uncle Sam.

•   Business Entities:  Consider Nevada or Wyoming as business owner friendly states to establish your LLC for that real estate or other investment.  Starting July 1, 2010 a sole member Wyoming LLC gets all the benefits including the charging order as the sole remedy.  This is a simple and cost effective asset protection tool. 
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