Asset protection practices pick up in wake of new bankruptcy law 1
by Reni Gertner
In the months since the new bankruptcy reform act became law, more physicians and other high net-worth professionals have been going to their lawyers to review their asset protection plans.
The bankruptcy law - which went into effect on Oct. 17, 2005 - generally makes it harder to file for bankruptcy and contains a mix of new provisions that affect clients' ability to protect their personal assets.
In the wake of the changes, attorneys say wealthy clients - including doctors, business executives, lawyers, accountants and others - are calling them to revisit or create asset protection plans.
A lot more people and a lot more estate planners are interested in asset protec...
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