Category Archives: Asset Protection

Tax Planning For Divorce

Posted on October 4, 2013 by David L. Silverman, J.D., LL.M. (Taxation)
Posted in Divorce, Divorce, Tax Planning For | Tagged , , , , , , , , , , , | Leave a comment

Taxation of Grantor Trusts

Posted on September 13, 2013 by David L. Silverman, J.D., LL.M. (Taxation)
Posted in Delaware Asset Protection Trusts, Grantor Trust Treatise, Grantor Trusts, Grantor Trusts, News, Treatises, Trusts | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Peering Through the Legal Prism: When Asset Protection Becomes Fraudulent

Posted on May 5, 2013 by David L. Silverman, J.D., LL.M. (Taxation)

VIEW IN PDF:  Tax News & Comment — August 2011 I.  Introduction English law addressing fraudulent conveyances dates back to the early Middle Ages. The first comprehensive attempt to prohibit such transfers appeared in the Fraudulent Conveyances Act of 1571, … Continue reading →

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Tax News & Comment — May 2013

Posted on May 3, 2013 by David L. Silverman, J.D., LL.M. (Taxation)
Posted in Asset Protection, Asset Protection Trusts, Criminal Penalties, Delaware Asset Protection Trusts, Divorce, Estate Litigation, Exclusion of Gain From Sale of Residence, Executor and Trustee Commissions, Federal Tax Litigation, Fiduciaries, Litigation, New York Criminal Tax, New York State Income Tax, NYS Dept. of Tax'n & Finance, NYS Penalties, NYS Tax Litigation, NYS Tax Litigation, Prenuptial Agreements, Property Transactions, Tax News & Comment, Treatises | Tagged , , , , , , , , , , , , , , , | Leave a comment

Tax Planning For Divorce

Posted on May 3, 2013 by David L. Silverman, J.D., LL.M. (Taxation)

   I.   Introduction.  In an action for divorce, property is subject to “equitable distribution” pursuant to Domestic Relations Law (DRL) §236. New York distinguishes between “marital” property, which is subject to equitable distribution, and “separate” property, which is not. The … Continue reading →

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IRS Ruling Provides Basis for Asset Protection Trust in Nevada

Posted on May 3, 2013 by David L. Silverman, J.D., LL.M. (Taxation)

I.    Tax & Asset Protection Benefits of PLR 201310002.   New York imposes among the highest level of income tax of all states. New York City residents pay even more tax for the privilege of residing there. Income is taxed to … Continue reading →

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Elder Law Planning: Deciphering the Puzzle

Posted on April 2, 2013 by David L. Silverman, J.D., LL.M. (Taxation)

View in PDF:  Tax News & Comment — February 2013 Elder Law Planning:  Deciphering the Puzzle I.       Social Security The Social Security program, begun during the Great Depression under President Roosevelt, is the forerunner of Medicare and Medicaid. The … Continue reading →

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