How to Avoid Needlessly Exposing Your Client’s Assets to Creditors in an Estate Plan
Mark Bostick, an insolvency specialist will apply California law to explain:
- When estate planners err by recommending that title be held in community property.
- Why holding title in joint tenancy affords extraordinary protection from creditors.
- How estate planners can protect their clients’ interests by carefully quantifying the relative benefits and harms of holding title in community property or joint tenancy.
Mark has specialized in bankruptcy law for over 25 years. He represents debtors, trustees, creditor committees, debtors-in-possession, secured and unsecured creditors, buyers, guarantors and other interested parties in all forms of insolvency proceedings and out-of-court workouts.
He has served as lead counsel to the estate fiduciary (i.e. the trustee or debtor-in-possession) in hundreds of cases and has helped hundreds of potentially insolvent companies or individuals resolve claims outside of formal bankruptcy proceedings.
Prior to entering private practice in 1983, Mark clerked for the Honorable Robert L. Hughes, Bankruptcy Judge (Oakland) and former Chief Judge for the Bankruptcy Appellate Panel for Ninth Circuit.