Practice Better: AI, Planning Numbers, Defensive Steps and More

Domestic Asset Protection Trusts (DAPTs) were upheld in a recent DE case. Subsequent to that the defendants was tagged in a CO decision Can IV Packard Square LLC v. Harbor Real Estate Company, LLC and Craig E. Schubiner, No. 23-cv-00934-CYC (D. Colo. Sept. 22, 2025). Does that impact DAPT or asset protection planning? There is growing discussion of terminating irrevocable trusts to cause appreciated assets to be included in someone’s estate to gain a basis step-up. What issues should be considered and what approaches should be evaluated? Every adviser gets inquiries from prospects that would be best not to be accepted as a client. How can AI quickly help you identify those potential bad eggs you want to avoid? How should you implement such a process to avoid issues? Many new clients come with long complex existing irrevocable trusts. How can you efficiently identify issues and planning opportunities in those trusts using AI? For example, if there are powers of appointment your client holds you want to be able to advise them on the pros/cons of exercising them. Finally, an approach that is not only protective for the practitioner, but appreciated by most clients, is to offer several planning options. If those options can be illustrated and explained with numbers, some clients will understand them better. Speakers: Alan S. Gassman and Martin Shenkman, Esq.