Gifting is an important estate planning tool to downstream assets. As it is likely that estate tax exemptions will be sharply reduced, now is a brilliant planning opportunity. Historically, gifting has been of modest benefit to families with larger estates due to the $1 million maximum lifetime gifting limit, which later increased to $5 million, and increased… Continue reading Gifting Opportunity
Author: lawyersblog
Adam Chodos, Esq., CPA, is the managing member of Chodos & Associates, LLC, a boutique private client law firm, with offices in Boca Raton, FL and Greenwich, CT, focusing on wealth consulting, asset protection, wealth preservation, business succession, and advanced estate planning. Previously, Mr. Chodos practiced law at the New York headquarters of Sidley Austin Brown & Wood and with Ernst & Young, LLP as a certified public accountant. He holds a B.A., summa cum laude, in economics from the University of Pennsylvania and a J.D, high honors, from Duke University. Mr. Chodos is a member of the New York, Connecticut, and Florida Bars. mail@adamchodos.com
Physician Asset Protection
Physicians devote the bulk of their adult lives in training, honing skills, and developing their practices yet often do not spend time to protect the many years of investment. Medical issues are one of most visible liabilities in today’s legal system. Even when there was no intent, liability is often based on net worth rather than wrongdoing;… Continue reading Physician Asset Protection
Foreign Structures
Adam Chodos Esq., CPA Many U.S. based businesses avoid foreign entities due to lack of familiarity. Foreign structures can be strong tools in the business planning world, and can be excellent complements to an asset protection program. “Asset protection” has become a popular phrase, however its overuse has diluted its definition. Asset protection is a subspecialty… Continue reading Foreign Structures
Gifting Opportunity
Adam Chodos Esq., CPA Gifting is an important estate planning tool to downstream assets. As it is likely that estate tax exemptions will be sharply reduced, now is a brilliant planning opportunity. Historically, gifting has been of modest benefit to families with larger estates due to the $1 million maximum lifetime gifting limit, which later increased to… Continue reading Gifting Opportunity
Asset Protection 2.0
In the pandemic world, there has been increased focus on asset protection. Quarantining time and observation of widespread economic troubles have drawn sharp attention to one’s sense of vulnerability. Asset protection is the organized use of techniques to make assets unattractive. The reality is lawsuits are profitable business. The most worthwhile cases are against defendants with substantial… Continue reading Asset Protection 2.0