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Attorneys

Gary Forster Asset Protection Attorney

Education

Tufts University, Medford, Massachusetts,

  • 1990 B.A.| Cum Laude

University of Florida College of Law, Gainesville, Florida,

  • 1993 J.D.| Honors
  • 1994 L.L.M, Masters of Taxation | Graduate Fellow

Contact

Phone: (407) 255-2055
(855) WP-GROUP
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Gary A. Forster

Domestic & International Asset Protection, Business, Tax and Estate Planning law

Gary Forster is the managing partner of Forster Boughman & Lefkowitz. Gary’s practice includes domestic and international, corporate, asset protection, tax and estate planning law. Gary handles a variety of corporate and personal planning matters.

Gary spent the first decade of his career structuring and closing some of the largest corporate transactions in the region. The mergers and acquisitions Gary consummated range from the national consolidation of regional US construction and transportation interests to real estate investment trusts, hospitals and surgical centers. Gary is one of the few attorneys in Central Florida with experience in cross-border corporate transactions, including a variety of industries ranging from intellectual property concerns to international distribution and manufacturing interests.

Gary’s corporate work with some of the most prominent companies and entrepreneurs in Florida and abroad led him to expand his practice fifteen years ago. Successful clients require substantial tax, estate planning and asset protection planning. Gary recognized that certain wealthy clients require a single partner contact, familiar with both business law and tax planning and structuring. Gary serves that purpose.

Gary is the author of two books. In 2013, he wrote Asset Protection for Professionals, Entrepreneurs and Investors, a guide to asset protection strategies for clients and their financial advisors, now in its second edition. In 2016 Gary finished the first edition of The U.S. Estate and Gift Tax and the Non-Citizen. This book explains how resident and non-resident foreign nationals are impacted by the U.S. Estate and Gift Tax. Gary is rated AV – Preeminent, by Martindale-Hubbell and writes and lectures frequently on the topics of asset protection, international tax and corporate law. Gary has designed and drafted hundreds of corporate documents and asset protection plans. Most recently, Mr. Forster’s suggested amendments were adopted as Section 43A of the new Nevis LLC Ordinance (Nevis Limited Liability Company (Amendment) Ordinance, 2015). Gary also speaks Spanish fluently.


Mr. Forster earned a B. A. from Tufts University in 1990, graduating cum laude with majors in Economics and Spanish Literature. Gary received his J.D. from the University of Florida College of Law, graduating with honors in 1993. While in law school, he served as editor of the Florida Journal of International Law. Mr. Forster continued his studies as a graduate fellow at the University of Florida Masters of Taxation program, earning an L.L.M. in 1994. Gary’s education also includes studies at the University of Madrid, Oxford University and Leiden University in the Netherlands.

Gary is a member of the Florida Bar (admitted in 1993), including bar sections for international and tax law, and the District of Columbia Bar (admitted in 1995), including bar sections for international and tax law. Mr. Forster is licensed to practice in the U.S. Tax Court and is a member of the American Bar Association Asset Protection Planning Committee. Gary has been involved in various civic organizations, including several chambers of commerce and served as President and Director of the International Council (a foreign affairs organization supported by the U.S. State Department).

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  • "The U.S. Estate and Gift Tax and the Non-Citizen" Feb 23, 2016
  • "Asset Protection for Professionals, Entrepreneur & Investors" Jan 14, 2014

Conference NameTitleDate
FBL Legal Eeze 11 Commandments of Asset Protection - 7) If It Sounds Too Good To Be True, It Probably Is. July 27, 2017
National Business Institute Business Law Boot Camp July 24, 2017
FBL Legal Eeze 11 Commandments of Asset Protection – 6) Know Your Enemy (Government Agencies, Turnover Orders, and Contempt) June 22, 2017
FBL Legal Eeze 11 Commandments of Asset Protection – 5) Choose the Terrain (Where You Plan Matters) May 25, 2017
NBI Live Teleconference Protecting Assets From Creditors May 16, 2017
FBL Legal Eeze 11 Commandments of Asset Protection – 4) Don’t Be Greedy (Valuation Concerns in Asset Protection Apr. 27, 2017
FBL Legal Eeze 11 Commandments of Asset Protection – 3) Avoid “Late Stage” Transfers Mar. 30, 2017
FBL Legal Eeze 11 Commandments of Asset Protection – 2) You May Transfer Assets Freely (But Not Really) Feb. 16, 2017
FBL Legal Eeze 11 Commandments of Asset Protection - 1) Don't Do Asset Protection Jan. 19, 2017
FBL Legal Eeze So You Want to Create Your Own Trust, The Challenges and Complexities of Self-Settled Asset Protection Trusts Nov. 17, 2016
Orange Co. Bar Assn. Estate, Guardianship & Trust Law Committee Opening the Chamber of Secrets: What You Need to Know for Your Estate Planning Practice - Asset Protection Update-2016 Oct. 14, 2016
FBL Legal Eeze Emerging Issues in Asset Protection (Seminar and Webinar) Sept. 29, 2016
FICPA Breakfast Seminar Asset Protection with LLCs Aug. 16, 2016
FBL Legal Eeze Overview of the Uniform Voidable Transactions Act for Non-Lawyers July. 21, 2016
Estate, Guardianship and Trust Committee Meeting An Overview of the Uniform Voidable Transactions Act July. 11, 2016
National Business Institute Protecting Assets with LLCs June. 28, 2016
FBL Legal Eeze UVTA – What you Need to Know June. 16, 2016
Gassman, Crotty & Denicolo, PA Uniform Voidable Transaction Act Webinar Apr. 12, 2016
FBL Legal Eeze A Guide to Asset Protection: Understanding the Moral, Legal & Ethical Implications Sept. 10, 2015
Orange County Bar Association Trust and Estates Committee Morality, Ethics, and Professionalism in Asset Protection Sept. 9, 2015
Pension Investors Valuation Issues in Asset Protection June. 2015
UCF 34th Annual Accounting Conference The Essentials of Asset Protection: What Every CPA Needs to Know May. 7, 2015
Northwestern Mutual – Wine and Wealth Protection Asset Protection for Physicians Jan. 28, 2015
Principal Financial Group – Professional Management Seminar Asset Protection: Ideas for Keeping What You Have Worked So Hard to Accumulate Jan. 23, 2015
Fast Forward Academy What You Don't Know About Asset Protection Can Hurt You 2015
Prudential Business Succession Planning July. 15, 2014
Pension Investors CPE Seminar Asset Protection & Avoiding Pitfalls of Fraudulent Transfers June. 19, 2014
NAIFA/CF Educational Class Asset Protection – Financial Planning Issues Apr. 10, 2014
MetLife Protective Corporate Structures Dec. 2013
Mortgage Bankers Association Corporate Structuring Nov. 2013
Amerprise Exempt Asset Planning Oct. 2013
Northwestern Mutual Asset Protection and the Financial Planner Jan. 18, 2013
Exit Realty Florida Corporate and Personal Planning Nov. 2012
Florida Institute of Certified Public Accountants Asset Protection – The Year in Review Dec. 2011
Mass Mutual Asset Protection & Business Structuring Sept. 7, 2011
FL Bar Tax Section Lunch ‘n Learn – Tax and Family Planning July. 2011
Amerprise Death of a Single Member LLC Aug. 2010
Northwestern Mutual Asset Protection – Domestic and International Structures Jan. 2010
FICPA Breakfast Tax and Asset Protection/Annual Update Dec. 2008

Gary's Published Articles

  • Asset Protection: The Role of Valuation in Assessing Fraudulent Transfer Exposure

    Article Written for : Florida Bar Journal

    by Eric Boughman and Gary Forster

    An often overlooked, but essential component of asset-protection planning is making a careful assessment of a client’s financial status. Although timing is generally considered the most critical element of asset protection, due consideration must be given to both the value of assets exchanged and the effect of plan implementation on one’s balance sheet.

    Read more...
  • Gary Forster’s Article on the New Nevis LLC, published in the Sept. / Oct. 2017 ABA Property and Probate Magazine

    ABA Property and Probate Magazine

    The Nevis Limited Liability Com­pany (Amendment) Orclinance (NLLCAO), 2015 (the "New Ordinance") strengthens and clarifies the prior Nevis Limited Liability Company Orclinance (NLLCO) of 1995 ("Prior Orclinance"). Among the improvements made by the New Orclinance are the addition of (1) fraudulent transfer pro­visions governing assets contributed to a Nevis LLC, (2) language prohibit­ing enforcement of foreign judgments against member equity, and (3) enhanced limitations on creditor remedies. This article explores several significant aspects of the New Orclinance.

    Read more...
  • The Uniform Voidable Transactions Act
    Article written for: ABA Property and Probate Journal

    An Overview of Refinements to The Uniform Fraudulent Transfer Act

    The Uniform Voidable Transactions Act (UVTA) was recently adopted by the Uniform Law Commission (Commission) as the successor to the Uniform Fraudulent Transfer Act (UFTA). UFTA was itself an update of its predecessor, the Uniform Fraudulent Conveyance Act (UFCA).  UFCA was revised to conform the Act to the Bankruptcy Reform Act of 1978. UVTA resolves several “narrowly-defined issues.” UVTA Prefatory Note 5 (2014).

    Read more...
  • Experts: Timing is critical when looking at asset protection

    Article written for: BizJournals.com

    Effective asset protection requires the strategic use of several legal components. These include the transfer of assets to protective structures (such as limited liability companies and trusts), proper allocation of legally protected assets, insurance and proper titling of assets to maximize legal exemptions from claims. Proper structuring insulates assets against claims from future, unknown creditors.
    Read more...
  • Delaware Bank Accounts for Asset Protection Not a Silver Bullet

    Article Written for : bizjournals.com
    As the story goes, John D. Rockefeller was getting his shoes shined when the shoeshine boy, not knowing whose shoes he was shining, started offering stock tips.

    That was Rockefeller’s cue to turn bearish on the stock market. "Secret" tips lose their efficacy when no longer secret.

    While speaking at a recent seminar, we received several questions from CPAs and financial professionals about the use of Delaware bank accounts to protect cash. The questions reflect a national trend to use Delaware accounts for "asset protection."

    Read more...
  • Asset Protection Considerations for Financial Professionals

    Article Written for: AccountingToday.com
    Effective asset protection requires the strategic use of several legal components. These include the transfer of assets to protective structures (such as limited liability companies and trusts), proper allocation of legally protected assets, insurance and proper titling of assets to maximize legal exemptions from claims. Proper structuring insulates assets against claims from future, unknown creditors.

    Read more...
  • Picking the Right Jurisdiction and Entity for Asset Protection

    Article written for: Accounting Today
    Limited liability companies have become the entity of choice for small business owners and are commonly utilized by professionals in asset protection planning.
    Choosing to use the LLC over (for example) a corporation may be prudent but raises the question of where to form the LLC. There are several factors to consider in deciding where to establish the entity. Picking the right LLC jurisdiction may be as important as the decision to use an LLC.

    Read more...
  • Hold The Fort: Homestead Protection Guaranteed

    One advantage of purchasing a home in Florida is the homestead protection guaranteed by the Florida Constitution. Provided certain requirements relating to property features and ownership are satisfied, any principal residence in Florida is generally protected from forced sale without regard to value. Exceptions exist for the foreclosure of mortgages, construction liens, and tax liabilities but otherwise, whether a client owns a modest abode or a beachfront mansion, the equity is generally protected against creditors.

    Read more...

We cater to the professional, entrepreneur and investor seeking customized domestic and international asset protection strategies.

Our firm also analyzes potential exposure to individuals and businesses and provides strategies to insulate vulnerable assets.

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Contact Info

Forster Boughman & Lefkowitz
2200 Lucien Way, Suite 405
Maitland-Orlando, FL 32751

(407) 255-2055

(855) WP-GROUP

This email address is being protected from spambots. You need JavaScript enabled to view it.

9.00 am to 5.00 pm