By Edward D. Brown, JD, LLM, CPA; Andrew Bechel, JD, LLM; and Eric Kaplan, JD

Much has been written about asset protection strategies, such as offshore trusts, limited liability companies (LLCs), insurance, and exemption planning. The focus of this article is to identify which of those strategies are best suited to high-risk professionals, whose risk exposure derives from the provision of professional services (as opposed to risky investments or predators who target the megawealthy). Some of the strategies discussed below reflect ways to reduce a professional’s financial profile and accordingly, the size of the targets on their backs.

From a new final rule on nonfinanced real estate transfers to the suspension of an attorney whose actions left a client ineligible for Medicaid and a nationwide injunction on the enforcement of the Federal Trade Commission’s Non-Compete Rule, we have recently seen significant legal developments.

To ensure that you stay abreast of these changes, we have highlighted some noteworthy developments and analyzed how they may impact your estate planning, elder and special needs law, and business law practices.

By Zach Bloxham, JD, and Stefanie Dion Jones

Various public benefit programs are available to individuals living with disabilities and other challenges. These programs have their fair share of acronyms, which can confuse those relatively new to elder law or special needs planning—be they attorneys, beneficiaries, or loved ones. 

This primer offers basic information about some common types of public benefits and can serve as an at-a-glance glossary of acronyms commonly used within the practice.