Trusts and Estates > Estate Planning > New Rules, Old Game

New Rules, Old Game

Jun 1, 2005 12:00 PM, By John E. Sullivan III, member, Sullivan & Sullivan Ltd., Cleveland

By: By John E. Sullivan III, member, Sullivan & Sullivan Ltd., Cleveland

Pundits are warning that when the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPA) goes into effect this fall (Oct. 17 for most provisions), its clauses on homestead exemptions, pensions and self-settled asset protection trusts will seriously impede, maybe even kill, asset protection planning in this country.

Drivel and rot.

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