Update on Swiss Banks

Last week I travelled to Zurich to meet with several Swiss private banks. We do a lot of business with Swiss banks, and the past few months have brought about many changes. All of the recent changes in the Swiss banking regime are due to the scandal at UBS and the...

Too Late!

Is it ever too late to protect assets? The answer is of course! How about when a lien is placed by a creditor on the debtor’s assets. We occasionally get inquiries from prospective clients of the following nature: “They just got a judgment against me, but they...

Protecting Madoff Investors

It is bad enough that most of the people who invested with Madoff will lose a significant amount of their wealth. It is also possible, in fact, likely, that many of the investors who received distributions from Madoff or pulled their money out in time may have to...

Anticipating a Change in Capital Gain Rates

There is a lot of excitement in Washington coming on the heels of the election. Change is in the air, and with this change comes the promise of higher income taxes. None of us can predict how the new administration and the new Congress will change the tax Code. We can...

Continued Fallout from UBS

The UBS scandal may have had a more profound impact on asset protection planning than previously suspected. While no one was surprised that UBS caved to the IRS summons, few expected that other Swiss banks will significantly change their business operations. They...