Service Leader
Lawrence M. Gradzki, CPA, JD, LLM
Contact
Parsippany, NJ
973-472-6250
[email protected]
Asset Protection
Planning is important not only for estate tax considerations but also for asset protection purposes. Asset protection trusts are mechanisms available under current law in certain states that can enable individuals to remove assets from the reach of their future creditors. An individual may be able to retain access to the income generated by such assets.
Things to Consider:
- Engage qualified counsel to structure a trust that satisfies applicable state laws
- Administer the trust properly in accordance with the trust terms and state law
- Satisfy all compliance and reporting obligations
October 8, 2024
The Massachusetts Department of Revenue (“MA DOR”) will waive most penalties for taxpayers who participate…
August 26, 2024
As we are more than halfway through 2024, now is the time to start thinking…
August 12, 2024
For decades, retailers and wholesalers of tangible personal property (i.e., merchandise) have been protected from…
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