Mobile Edition


Asset Protection Utilizing Michigan's Recently Enacted Domestic Asset Protection Trust (ACAPUM01)

 
Date:Friday, December 15, 2017
Time:10:00AM - 12:00PM
(Registration at 9:30 AM)
Facility:Webcast or Webinar, Online
CPE Credit:2.0 Technical Business
Instructor: George Gregory
Vendor:ACPEN
Course Level:Overview
Early Bird Price:$79.00 FICPA Members, $109.00 Non-Members

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.)

Objectives:

  • Learn who should consider DAPTs. Learn how you can help in developing the facts and administering the DAPT



    Major Topics:
    • 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


    Who Should Attend:
    CPAs, Tax Practitioners, Financial Planners, CFPs, PFSs and anyone working within a tax practice

    Prerequisite:
    None

    Advanced Preparation:
    None

    Session/Options

    If listed below, select the appropriate sessions or options to continue with your purchase.

    Registration Status: CLOSED - Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.