Pre-Bankruptcy Planning Issues and Strategies for Debtors’ Attorneys Regarding Protection of Assets

This session focuses on debtors’ attorneys’ pre-bankruptcy advice and planning regarding the protection of a debtor’s assets, including maximizing exemptions without getting into trouble, analyzing and counseling the client on the vulnerability of transfers of property that the debtor already made to family members or trusts before seeking your counsel, permissible actions to mitigate liabilities on account of a debtor’s pre-petition transfers, what can legitimately and ethically be done to enable debtors to maximize their exemptions without jeopardizing their discharges, and the use of family trusts, self-settled trusts and the effect of the new Domestic Asset Protection Trust Act in Michigan.