Keep It Simple in Estate Planning
In my last post, I talked about how too much planning to protect your assets can go badly. That post was in the context of trying to make too many transfers and getting burned under UFTA. In this post, I'd like to show another example of "too much" or overly complex planning.In Leeds LP v. US, 807 F.Supp. 946 (S.D.Cal. 2011), the debtors in question had large federal tax debts. Under federal law, the IRS can file liens against all of the debtor's property in such a situation. In order to avoid having IRS liens...
Published By: research.lawyers.com - Saturday, 18 February