Wealth Protection: Build and Preserve Your Financial Fortress

"As an asset protection lawyer, I think Mandell and Jarvis brilliantly explain the most effective wealth protection strategies. A must–read for advisors and clients alike."
–Arnold S. Goldstein, PhD, LLM, JD
author, Asset Protection Secrets
"I really appreciate the ‘Risk Factor Analysis.’ It is a unique tool for diagnosing–and then solving–some of the toughest problems in maintaining and protecting your wealth."
–Gordon Klein, JD, CPA, lecturer, UCLA’s Anderson Graduate
School of Management, frequent CNBC Commentator
"Chris and David’s concept of a ‘Personal Economy’ should be heeded by every individual investor. If you want to grow and shield what’s yours, this book is a great start."
–Jonathan Guryan, PhD, Asst. Professor of Economics
University of Chicago Graduate School of Business
The interest in protecting one’s wealth is universal. Wealth Protection: Build and Preserve Your Financial Fortress serves as the ultimate handbook for readers who want to build their family’s financial fortress and shield it from potential risks.

Spis treści:
INTRODUCTION.
WHY WE WROTE THIS BOOK.
PART I: The System/the Book.
CHAPTER ONE: WHY THIS BOOK SHOULD COST $5,000.
THIS BOOK WILL TRANSPORT YOU TO OUR OFFICES.
YOU NEED WEALTH PROTECTION PLANNING.
YOUR ADVISORS HAVE NOT DONE ENOUGH.
CHAPTER TWO: WHAT IS WEALTH PROTECTION?
CONCEPT #1: MULTIDISCIPLINARY.
CONCEPT #2: PROCESS.
CONCEPT #3: SHIELDING.
CONCEPT #4: YOUR WEALTH.
CONCEPT #5: ALL INTERNAL AND EXTERNAL THREATS.
CHAPTER THREE: FINDING YOUR PERSONAL ECONOMY.
IT′S YOUR ECONOMY THAT COUNTS.
WHICH EVENTS ARE REALLY MORE IMPORTANT TO YOUR PERSONAL FINANCIAL SITUATION?
THE CONCEPT OF THE PERSONAL ECONOMY.
PART II: Customizing This Book for You.
CHAPTER FOUR: INTRODUCING THE RISK FACTOR ANALYSIS.
CHAPTER FIVE: THE Q UESTIONS.
SECTION A–TAX PLANNING.
SECTION B–INVESTING.
SECTION C–ASSET PROTECTION.
SECTION D–INSURANCE.
SECTION E–RETIREMENT.
SECTION F–ESTATE PLANNING.
SECTION G–BUSINESS PLANNING.
CHAPTER SIX: THE INTERPRETATION OF YOUR ANSWERS.
SECTION A–TAX PLANNING.
SECTION B–INVESTING.
SECTION C–ASSET PROTECTION.
SECTION D–INSURANCE.
SECTION E–RETIREMENT.
SECTION F–ESTATE PLANNING.
SECTION G–BUSINESS PLANNING.
PART III: Tax Planning.
CHAPTER SEVEN: MAKE SURE YOU DON′T GIVE AWAY MORE THAN NECESSARY.
CHAPTER EIGHT: UNCLE SAM′S PIECES OF YOUR PIE.
CHAPTER NINE: RETIREMENT PLANS.
CHAPTER TEN: GETTING DEDUCTIONS FOR BUYING INSURANCE– WELFARE BENEFIT PLANS (419S).
BACKGROUND INFORMATION.
PLAN BENEFITS.
CHAPTER ELEVEN: HOW TO BORROW YOUR CHILDREN′S LOWER TAX RATES WITH FLPS/LLCS.
TWO CENTERPIECES OF WEALTH PROTECTION PLANNING.
KEY CHARACTERISTICS OF FLPS AND LLCS FOR INCOME TAX PLANNING.
HOW FLPS AND LLCS CAN HELP YOU REDUCE INCOME TAXES.
LAST WORD.
CHAPTER TWELVE: DEDUCTING LONG–TERM–CARE INSURANCE.
THE IRS GIVES YOU A BREAK.
WOULD YOU PURCHASE LONG–TERM–CARE INSURANCE IF IT WERE FREE?
CHAPTER THIRTEEN: USING CHARITABLE GIVING TO REDUCE INCOME TAXES.
CHARITABLE INTENT.
TAX BACKGROUND.
COMMON CHARITABLE GIVING SCENARIOS.
THE MOST COMMON CHARITABLE TOOL: THE CHARITABLE REMAINDER TRUST.
THE CRT′S "COUSIN": THE CHARITABLE LEAD TRUST (CLT).
LAST WORD.
CHAPTER FOURTEEN: THE TAX–ADVANTAGED TOOL FOR COLLEGE SAVINGS–529 PLANS.
CONTRIBUTIONS OVER $22,000 PER YEAR ARE ALLOWED– GIFT–TAX FREE.
YOU, THE DONOR, CONTROL THE WITHDRAWALS.
YOU RECEIVE THE TAX BENEFITS.
YOU DIRECT THE TYPE OF INVESTMENTS.
YOU MAY CHANGE THE BENEFICIARIES.
THE MONEY GROWS TAX FREE.
THOSE OF YOU WITH UGMA ACCOUNTS.
SHO RTFALL OF THE 529 PLAN.
LAST WORD.
CHAPTER FIFTEEN: INCOME IN RESPECT OF A DECEDENT.
CHAPTER SIXTEEN: IS YOUR TAX ADVISOR HELPING YOU OR HURTING YOU?
INCOMPETENCE: ADVISORS NOT ADMITTING WHEN AN AREA IS BEYOND THEIR EXPERTISE .
OVERCONSERVATIVENESS: IF EVERYONE ISN′T DOING IT, THEN IT ISN′T WISE PLANNING.
SOLVING THE PROBLEM: TAKE AN ACTIVE ROLE AND GET A SECOND OPINION.
LAST WORD.
PART IV: Investing.
CHAPTER SEVENTEEN: YOUR MONEY DOESN′T COME WITH INSTRUCTIONS.
CHAPTER EIGHTEEN: UNDERSTANDING INVESTING.
TYPES OF RISK.
RISK VERSUS REWARD.
DIVERSIFICATION.
HOW DO THE CAPM AND MPT WORK FOR YOU?
LAST WORD.
CHAPTER NINETEEN: TAXES, INFLATION, AND YOUR INVESTMENTS.
HOW MUCH TAX DO MUTUAL FUNDS COST YOU?
WHAT IS INFLATION?
HOW DO YOU CALCULATE THE IMPACT OF INFLATION?
HOW DO YOU INVEST TO PLAN FOR INFLATION?
LAST WORD.
CHAPTER TWENTY: WHEN (AND HOW) TO GET BACK INTO THE MARKET.
WHEN DO I NEED THE MONEY?
WHAT ARE MY OPTIONS?
LAST WORD.
CHAPTER TWENTY–ONE: VARIABLE ANNUITIES.
WHAT IS A VARIABLE ANNUITY?
HOW DO YOU LIKE THOSE 1099S AND K–1S?
ARE YOU STUCK INVESTING IN ONE COMPANY′S FUNDS?
HOW DOES A VARIABLE ANNUITY PROTECT MY INVESTMENT?
WHICH FUNDS ARE BEST SUITED FOR A VARIABLE ANNUITY?
HOW MUCH DO VARIABLE ANNUITIES COST?
LAST WORD.
CHAPTER TWENTY–TWO: LIFE INSURANCE AS AN INVESTMENT.
CHAPTER TWENTY–THREE: HAVE YOU OUTGROWN MUTUAL FUNDS?
WHAT ARE MUTUAL FUNDS?
WHAT ARE INDIVIDUALLY MANAGED ACCOUNTS?
ARE MANAGED ACCOUNTS WORTH THE MONEY?
IS YOUR TAX SITUATION COVERED?
SO, WHAT DO THEY REALLY COST?
THE FINAL DECISION.
CHAPTER TWENTY–FOUR: CONVERTIBLE BONDS.
CERTIFICATES OF DEPOSIT AND MONEY MARKETS: THE NONALTERNATIVES.
PROGRESSIVE IDEAS: THREE INVESTMENT ALTERNATIVES.
STOCKS AND BONDS.
WHAT IS A CONVERTIBLE BOND?
TIMING IS EVERYTHING: WHEN TO USE EACH VEHICLE.
LAST WORD.
PA RT V: Asset Protection.
CHAPTER TWENTY–FIVE: WHY ASSET PROTECTION IS SO IMPORTANT TODAY.
MORE LAWSUITS THAN EVER BEFORE.
YOUR ODDS OF BECOMING A LAWSUIT VICTIM.
YOU ARE MORE LIKELY TO BE SUED THAN TO . . . .
PEOPLE ABUSE THE LEGAL SYSTEM.
ENORMOUS AWARDS FOR NEGLIGIBLE DAMAGES.
THE RULES OF ASSET PROTECTION: FRAUDULENT TRANSFER LAWS.
LAST WORD.
CHAPTER TWENTY–SIX: OWNERSHIP FORMS YOU MUST AVOID: YOUR OWN NAME, JOINT OWNERSHIP, AND GENERAL PARTNERSHIPS.
DO NOT HOLD ASSETS IN YOUR OWN NAME.
WHY JOINT OWNERSHIP IS SO DANGEROUS.
GENERAL PARTNERSHIPS: A LIABILITY NIGHTMARE FOR BUSINESSES.
LAST WORD.
CHAPTER TWENTY–SEVEN: USING INSURANCE AS AN ASSET PROTECTOR: A MIXED BLESSING.
WHAT PROPERTY AND CASUALTY INSURANCE IS.
BEST USES OF PROPERTY AND CASUALTY INSURANCE.
FIVE LIMITATIONS OF PROPERTY AND CASUALTY INSURANCE .
LAST WORD.
CHAPTER TWENTY–EIGHT: INSURANCE AND ANNUITIES: PROTECTED INVESTMENTS.
FEDERAL LAW GENERALLY DOES NOT SHIELD INVESTMENTS.
STATE LAW DOES PROTECT CERTAIN INVESTMENTS.
LIFE INSURANCE: PROTECTED EVERYWHERE.
ANNUITIES ARE SHIELDED IN MANY STATES.
LAST WORD.
CHAPTER TWENTY–NINE: FAMILY LIMITED PARTNERSHIPS AND LIMITED LIABILITY
COMPANIES: TWIN ASSET PROTECTION POWERHOUSES.
SIMILARITIES BETWEEN THE FLP AND THE LLC.
TWO BIG DIFFERENCES BETWEEN THE FLP AND THE LLC.
HOW FLPS/LLCS POWERFULLY PROTECT ASSETS.
THE WEAKNESSES OF THE CHARGING ORDER.
TWO TACTICS FOR MAXIMIZING FLP/LLC PROTECTION.
LAST WORD.
CHAPTER THIRTY: USING TRUSTS TO SHIELD WEALTH: FLEXIBLE TOOLS FOR EXCELLENT ASSET PROTECTION.
DEFINITIONS.
TRUST CLASSIFICATIONS.
LIVING TRUSTS: ILLUSORY ASSET PROTECTION.
OTHER BENEFITS OF LIVING TRUSTS.
IRREVOCABLE TRUSTS: THE ASSET PROTECTORS.
FIVE STRATEGIES TO CREATE AN IRONCLAD IRREVOCABLE TRUST.
CHAPTER THIRTY–ONE: USING OFFSHORE PLANNING TO PROTECT ASSETS.
OFFSHORE PLANNING: A WORLDWIDE PHENOMENON