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Secure Transaction Asset Protection
Format
Self-Study
Course Level
Overview
CPE Credits
2 Credits: Taxes
Course Description
The current litigation explosion has created tremendous Interest in asset protection. This area has dramatic financial and estate ramifications and also directly impacts tax planning. This course is designed to survey opportunities for asset protection that can arise during tax planning and to determine how to properly report such transactions. Author Danny Santucci clears up some of the common misconceptions about asset protection and gives useful advice you can use to help your clients avoid fraudulent transfers.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Note the main reasons for asset protection, common misconceptions, and goals associated with undertaking asset protection measures
- Recognize what constitutes a fraudulent transfer and how to structure asset protection planning transfers so that they are not fraudulent
- Identify the various types of insurance, noting their defining characteristics and how life insurance can be used as an asset protection vehicle
- Note how the various types of entities relate to asset protection as well as how the various types of joint ownership of property and various trusts directly impact asset protection and tax liability
- Recognize the concepts of common law property, community property, and equitable ownership, noting which states base distribution laws on those concepts
- Identify asset division principles, noting their effect on the division of assets
- Recognize the components of premarital and post-nuptial agreements, noting how they can be used to advise clients on individual asset protection
Course Specifics
8132138
March 20, 2023
There are no prerequisites.
None
Compliance Information
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02243-22-S
IRS Federal Tax Law Credits: 2
CTEC Course Number: 2071-CE-0419
CTEC Federal Tax Law Credits: 2
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org.
Meet The Experts
Danny Santucci, BA, JD, is a prolific author of tax and financial books and articles. His legal career started with the business and litigation firm of Edwards, Edwards, and Ashton. Later he joined the Century City entertainment firm of Bushkin, Gaims, Gaines, and Jonas working for many well-known celebrities. In 1980, Danny established the law firm of Santucci, Potter, and Leanders in Irvine, California. With increasing lecture and writing commitments, Danny went into sole practice in 1995. His practice emphasizes business taxation, real estate law, and estate planning. Speaking to more than 100 groups nationally each year, he is known …
QAS Self-Study
