Grundy, Milton: From the archive - September 2013

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  • From the Archive – September 2013
    • “It has become the duty of the adviser to the wealthy client to consider setting aside some assets which will be free from future claims by creditors”, Stephen Gray told us at our meeting in Monte-Carlo in 1995. At that time, the Asset Protection Trust was something of a novelty, and it had been judicially considered in only one case – in Colorado. Since that time, there have been other cases, and practitioners have come to know more about the uses – and limitations – of the Asset Protection Trust. Marshall Langer and Judge Cristol brought us up to date in Charleston in 1998, as did Denis Kleinfeld in Boston in 2002 and Nicholas Jacob in London in 2008.

      Daniel Rubin is co-author of the latest edition of the US Bureau of National Affairs’ Tax Management Portfolio on Asset Protection Planning. He will bring us up to date in this important area at our meeting in Florence, where his topic is “Asset Protection Trusts: Do They Work?”

      Milton Grundy

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