Has the Warning Bell Sounded for Asset Protection Planners?
Probate & Property Magazine 2010, March/April, Volume 24, Number 2
By David J. Slenn
David J. Slenn is an associate in the Naples, Florida, office of Porter Wright Morris & Arthur and the vice-chair of the Trust & Estate Asset Protection Planning Committee.
A recent case out of the Sunshine State should give pause to the way some attorneys engage in asset protection planning. In
re Harwell, 414 B.R. 770 (M.D. Fla. 2009), involved a debtor who directed sums of money into his attorney"s trust account, despite the presence of a judgment.