March 23, 2009
Gideon Rothschild, co-chair of Moses & Singer's Trusts and Estates Group, was recently quoted in Crain's New York Business about protecting assets by transferring assets to a spouse. To view the complete article, please click here and below is the actual quote.
"When your career puts you in a position to take on a lot of personal risk like a doctor does, it's common to use your wife to shield some of your wealth," said Gideon Rothschild, a partner at New York-based law firm Moses & Singer LLP, where he specializes in asset protection and estate planning. "You might lose it in a divorce, but you could keep it if you get sued," he added. "It's a poor man's version of an asset protection strategy."
Crain's New York Business, "March 23, 2009", Did Madoff turn wife into Swiss bank account? © 2009 Crain Communications Inc.