The offshore trust: a contemporary asset protection scheme
Article Abstract:
Offshore asset protection trusts (OAPTs) are viable alternatives to the use of domestic spendthrift trusts or other asset protection arrangements. Traditional spendthrift trusts force settlors to choose between asset control and asset protection, but OAPTs provide settlors with flexibilty and control, while simultaneously discouraging creditor litigation. Various types of optional clauses, trust structure, foreign situs selection, tax consequences, bankruptcy issues, and ethical aspects are also discussed.
Publication Name: Commercial Law Journal
Subject: Law
ISSN: 0010-3055
Year: 1997
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HCFA overhauls nursing home payment system; skilled nursing facilities will be reimbursed by Medicare under 'prospective payment' scheme
Article Abstract:
The Balanced Budget Act of 1997 mandates a prospective payment system for Medicare payments to nursing homes, and the Health Care Financing Administration published interim final rules for that system on May 12, 1998. Unless delayed, the system will become effective for each nursing home's first cost-reporting period starting on or after July 1. Before prospective payment, Medicare reimbursed skilled nursing care at a facility's actual reasonable cost. Some detail on the system is given.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1998
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Criminal liability of a person at management level under the Environment Protection Act 1970 (Victoria) - Vasel v. Simone
Article Abstract:
A Victorian magistrates court decision, in Vasel v. Simone, is an example of Australian courts and environmental protection authorities applying criminal liability to corporate officers for environmental offenses. In Vasel, the court fined a branch manager as well as his company, a subcontractor, and the manufacturer for an environmental accident. Victoria's Environment Protection Act 1970 includes a liability clause covering corporate officers.
Publication Name: Australian Business Law Review
Subject: Law
ISSN: 0310-1053
Year: 1998
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