WHAT ARE THE POSSIBLE DEFENSES THAT MAY BE RAISED IN AN ATTACK AGAINST A DOMESTIC ASSET-PROTECTION TRUST?WHAT TYPES OF ASSETS MAY BE HELD IN A DOMESTIC ASSET-PROTECTION TRUST AND WHAT ARE THE IMPORTANT ISSUES TO CONSIDER IN SELECTING THE ASSETS?With millions of lawsuits filed each year in the United States, protecting client assets from creditors should be considered in the overall estate-planning process. This program will discuss the benefits of using domestic asset-protection trusts for this purpose. It will provide an in-depth analysis of domestic asset-protection trusts and compare the different asset-protection jurisdictions. It will address practical concerns for attorneys advising on asset protection, such as how to properly establish and administer asset-protection trusts, and ethical considerations. It will also cover related topics, such as the federal tax implications of domestic asset-protection trusts, and the application of the fraudulent transfer rules to asset protection planning.Additionally, the panelists will address the following questions:

• What are the tax and other benefits domestic asset-protection trusts offer to transferors and beneficiaries?
• What are the "fraudulent transfer rules" and how can transferors avoid their application?
• What are the advantages of a domestic asset-protection trust over an asset protection trust established in a foreign jurisdiction?

Comprehensive materials, including sample forms, will be made available. PANELISTS:Amy J. Guss, Satterlee Stephens Burke & Burke LLP, New York, NYRichard W. Nenno, Willmington Trust Company, Willmington, DEMary Pokojny O'Reilly, Meltzer Lippe, Long Island, NY