A Guide to Asset Protection: How to Keep What's Legally Yours

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Binding: Paperback
Dewey Decimal Number: 346.73077
EAN: 9780471148852
ISBN: 0471148857
Label: Wiley
Manufacturer: Wiley
Number Of Items: 1
Number Of Pages: 288
Publication Date: 1996-10-30
Publisher: Wiley
Studio: Wiley

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Customer Rating:

Summary: Best in Its Category
Comment: Bob Klueger has accomplished more with this easy-to-read masterpiece than five similar books have done to teach me the basics of asset protection. Written specifically for the average person who needs a quick yet thorough understanding of the many twists and turns of asset protection, Klueger masterfully guides you from ignorance to knowledge, from helplessness to expertise in this most important field.
I highly recommend you read Bob's book first, and supplement it if wish, with lesser books which are far harder to read and to understand.
It is likely that this will be your only purchase.

Customer Rating:

Summary: Best Book on Asset Protection
Comment: I have now read several books on asset protection and this one is by far the best. This author appears to be very knowledgeable, and is not out to sell anything, like some others. Highly recommend.

Customer Rating:

Summary: good intro background on the topic
Comment: This book is aimed at someone who has some assets to protect but doesn't know the first thing about it. It does an admirable job in explaining in general how creditors get to your assets, along with clear explanations of the principal mechanisms to protect assets. Obviously you should get an attorney who knows this field if you are serious about the whole thing, but this book gives you some background to help you talk to and work with this attorney. Beware of books and websites selling you the Next Greatest Offshore Asset Protection Scheme. This book is much more general and much more credible.

Customer Rating:

Summary: A Good Overview
Comment: This book is a primer on the topic of asset protection and offers readers a general overview of both domestic and foreign protection vehicles.

One should not buy this book believing it is a practical manual on the topic of estate planning or asset protection. The book is remarkably easy to read and filled with hypotheticals based on a case sample, but it lacks the depth and detail required to be a good primary reference.

Customer Rating:

Summary: A good overview with layman's terms, easy to understand
Comment: As an attorney who considers himself pretty well versed in the content of this book, I read the book with an intent to review an area of the law I had not practiced in a while. The book was a pleasant surprise to me. The explanations given by Mr. Klueger were accurate and well written in terms anyone would understand, even an old salt lawyer like me. I would highly recommend this book to anyone who wants to learn the nuts & bolts of asset protection strategies, even before the reader goes to his lawyer to discuss his own concerns. The form for a family limited partnership in the back of the book is handy and good reading as an example. I only wish Mr. Klueger had included some additional forms for the various stratagies mentioned in the book. Overall, I'd give it a "well done!"

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Editorial Reviews:

How to shield your assets from creditors and other claimants.

You've worked long and hard for your assets, from your business and home to hard-earned savings and investments. To safeguard them—particularly against liability suits, "America's number one indoor sport"—A Guide to Asset Protection offers proven strategies to help you keep what you may have spent a lifetime earning.

Written by an attorney who specializes in tax-, estate-, and asset protection planning, this indispensable reference is filled with sound advice and practical tips on how to avoid the litigation jungle, as well as revealing insight on how creditors find and get at your assets. Actual case histories and model agreements steer you through the essentials, including:

Protection through trusts—irrevocable trusts and gift taxes, life insurance trusts, foreign asset protection trusts (FAPTs).
Fraudulent conveyances—the laws of fraudulent transfers, what fraudulent conveyance is (and is not).
Asset protection for married couples—separate and community property, transmutation agreements.
Using family limited partnerships—limited liability companies.
Employing qualified retirement plans—anti-alienation rule, nonqualified retirement plans, individual retirement accounts (IRAs).
Filing bankruptcy to protect your assets—dischargeable taxes, pre-bankruptcy planning, Chapter 7 and Chapter 13.