•  Info@ForsterBoughman.com
  •   Call Us: (407) 255-2055

 

Attorneys


Education

LL.M., Taxation, University of Florida College of Law (Graduate Fellow), 1994
J.D., University of Florida College of Law (Honors), 1993
B.A., Tufts University (Cum Laude), 1990


Contact

Office:  (407) 255-2055, ext. 101
Toll-free:  (855) WP-GROUP
Email:  This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Gary A. Forster

Domestic and International Business, Tax, Asset Protection, and Estate Planning Law

Gary Forster is the managing partner and co-founder of ForsterBoughman.  Gary’s practice includes domestic and international corporate law, asset protection, tax, and estate planning. Gary handles a wide 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 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 has designed and drafted hundreds of corporate documents and asset protection plans.

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, which explains how resident and non-resident foreign nationals are impacted by the U.S. Estate and Gift Tax.

Gary writes and lectures nationally to state bar and CPA groups on the topics of asset protection, international tax and corporate law.  He has also instructed classes at the University of Florida (Levin College of Law) and Rollins College (Crummer Graduate School of Business).  Gary’s articles can be found in such publications as the Florida Bar Journal and the American Bar Association’s Probate and Property Magazine.  For a listing of Gary’s recent speaking engagements, see below.

Gary’s legislative amendments were adopted as Section 43A of the Nevis LLC Ordinance – Nevis Limited Liability Company (Amendment) Ordinance, 2015.

Gary is rated AV-Preeminent by Martindale-Hubbell and speaks Spanish fluently.

Gary 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.  Gary continued his studies as a graduate fellow at the University of Florida College of Law, Masters of Taxation program, earning an LL.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).

*

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

Conference Name   Title   Date
Florida Gulf Coast University Accounting & Tax Conference   U.S. Taxation of Trusts - Domestic and International   Oct. 24, 2019
University of Florida / Levin College of Law   Foreign and Domestic Asset Protection Trusts and Associated Taxation   Oct. 22, 2019
ForsterBoughman National Webinar   The Taxation of Foreign Trusts and the Foreign Grantor - U.S. Estate and Gift Tax Avoidance   Oct. 10, 2019
Florida Institute of Certified Public Accountants - Gulf Coast Chapter / Sarasota   U.S. Taxation of Trusts - Domestic and International   Oct. 1, 2019
AdventHealth Orlando   1)  Commandment #3:  Avoid "Late Stage"
2)  Commandment #8:  Planning Need Not Be Complicated
  Sept. 24, 2019
ForsterBoughman National Webinar   The Taxation of Foreign Trusts and the American Grantor - Lifetime Transfers and Deemed Sales   Sept. 19, 2019
New York State Society of Certified Public Accountants - Queens / Brooklyn   Foreign Taxation with Associated Asset Protection and the Impact of Cryptocurrencies   Aug. 27, 2019
Florida Institute of Certified Public Accountants - Miami / South Dade   Cryptocurrencies and Asset Protection   Aug. 21, 2019
Fast Forward Academy   Business Entity Selection:  Pros, Cons, and Considerations (Orlando / recorded event for national distribution)   July 22, 2019
Florida Institute of Certified Public Accountants - Mid-Florida   2019 Asset Protection Update and the LLC   June 26, 2019
FICPA Mega CPE Conference   Don't Do "Asset Protection"   June 14, 2019
Probate and Pumpernickel / Palm Beach Atlantic University   The Pitfalls of Fraudulent Transfers in Estate Planning and Asset Protection   May 7, 2019
Florida Institute of Certified Public Accountants - Volusia   1) 2019 Asset Protection Update
2) The Taxation of Foreign Trusts
  Apr. 17, 2019
ForsterBoughman National Webinar   Private Equity Sales:  From Soup to Nuts   Mar. 28, 2019
ForsterBoughman National Webinar   The Taxation of Foreign Trusts and Related Issues   Feb. 21, 2019
ForsterBoughman National Webinar   The Modern LLC Operating Agreement   Feb. 19, 2019
Florida Institute of Certified Public Accountants - Sandspur   Foreign and Domestic Asset Protection Trusts and Associated Taxation   Dec. 17, 2018
Florida Institute of Certified Public Accountants - Mid-Florida   Foreign and Domestic Asset Protection Trusts and Associated Taxation   Dec. 13, 2018
Florida Gold Coast Alumni Chapter of Alpha Kappa Psi   Don't Do "Asset Protection"   Oct. 26, 2018
Wells Fargo Advisors   Latest Trends in Asset Protection:  Domestic Asset Protection and Foreign Trusts   Oct. 17, 2018
Orange Co. Bar Assn. Estate, Guardianship & Trust Law Committee   1) If It Sounds Too Good To Be True, It Probably Is
2) Don’t Invite Others To The Party
  Oct. 12, 2018
Florida Institute of Certified Public Accountants - South Dade   1) Don't Do "Asset Protection" 
2) You May Transfer Assets Freely (But Not Really) 
  Sept. 26, 2018
University of Florida / Levin College of Law   Latest Trends in Asset Protection:  Domestic Asset Protection and Foreign Trusts   Sept. 20, 2018
New York State Society of Certified Public Accountants - Queens / Brooklyn   Latest Trends in Asset Protection: Domestic Asset Protection Methods, Cryptocurrencies, and Foreign Trusts   Aug. 28, 2018
Florida Institute of Certified Public Accountants - Central Florida   International Tax Compliance / Taxation of Foreign Trusts   Aug. 21, 2018
Florida Institute of Certified Public Accountants - Central Florida   Latest Trends in Asset Protection: Domestic Asset Protection Methods, Cryptocurrencies, and Foreign Trusts   Aug. 16, 2018
Florida Institute of Certified Public Accountants - Volusia    1) If It Sounds Too Good To Be True, It Probably Is
2) Know Who (And How) to Trust
  July 11, 2018 
Florida Institute of Certified Public Accountants - Brevard   1) Don't Do "Asset Protection"
2) You May Transfer Assets Freely (But Not Really)
3) Cryptocurrencies
  June 26, 2018
Orange Co. Bar Assn. / Bench Bar Conference 2018 (Hyatt Regency Orlando)   Panel discussion on the topics of Estate Planning and Bankruptcy   Apr. 27, 2018
Florida Institute of Certified Public Accountants - South Miami-Dade
  Crypto-Currencies and the Foreign Trust Structuring and Taxation   Apr. 24, 2018
ForsterBoughman National Webinar
  2018 Case Updates on Government Claims, Turnover Orders and Contempt   Apr. 24, 2018
Volusia County Medical Society and Volusia-Flagler Dental Society Workshop / Halifax Hospital
  Tax Reform / Asset Protection   Mar. 16, 2018
Water Oak Advisors   Latest Trends in Domestic Asset Protection   Mar. 5, 2018
ForsterBoughman National Webinar   11 Commandments of Asset Protection:  The Wrap-Up (Summary & Review)   Feb. 22, 2018
ILS Global Forum on International Law (Miami)   Secrecy v. Security panel discussion on the Pros and Cons of Using Foreign Trusts, Foreign Jurisdictions, and Other Tools for Asset Protection   Feb. 16, 2018
Probate and Pumpernickel / Palm Beach Atlantic University   Asset Protection with Crypto-Currencies and Foreign Trusts   Feb. 13, 2018
Financial Planning Association   28th Annual Symposium:  Recent Trends in Domestic Asset Protection Planning   Jan. 30, 2018
ForsterBoughman National Webinar   11 Commandments of Asset Protection - 11) Don't Invite Others to the Party   Jan. 25, 2018
National Business Institute   Asset Protection with LLCs   Jan. 16, 2018
ForsterBoughman National Webinar   11 Commandments of Asset Protection - 10) Bankruptcy is Not a (Good) Option   Nov. 30, 2017
Orange Co. Bar Assn. Estate, Guardianship & Trust Law Committee   Asset Protection with Crypto-Currencies and Foreign Trusts   Nov. 2, 2017
Orange Co. Bar Assn. Estate, Guardianship & Trust Law Committee   Asset Protection Update-2017   Nov. 2, 2017
ForsterBoughman National Webinar   11 Commandments of Asset Protection - 9) Know Who (And How) to Trust   Oct. 26, 2017
Florida Institute of Certified Public Accountants - Central Florida   The Eleven Commandments of Asset Protection - Part 2   Oct. 17, 2017
ForsterBoughman National Webinar   11 Commandments of Asset Protection - 8) Planning Need Not Be Complicated   Aug. 24, 2017
Florida Institute of Certified Public Accountants - Central Florida   The Eleven Commandments of Asset Protection - Part 1   Aug. 15, 2017
ForsterBoughman National Webinar   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
ForsterBoughman National Webinar   11 Commandments of Asset Protection – 6) Know Your Enemy (Government Agencies, Turnover Orders, and Contempt)   June 22, 2017
ForsterBoughman National Webinar   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
ForsterBoughman National Webinar   11 Commandments of Asset Protection – 4) Don’t Be Greedy (Valuation Concerns in Asset Protection   Apr. 27, 2017
ForsterBoughman National Webinar   11 Commandments of Asset Protection – 3) Avoid “Late Stage” Transfers   Mar. 30, 2017
ForsterBoughman National Webinar   11 Commandments of Asset Protection – 2) You May Transfer Assets Freely (But Not Really)   Feb. 16, 2017
ForsterBoughman National Webinar   11 Commandments of Asset Protection - 1) Don't Do Asset Protection   Jan. 19, 2017
ForsterBoughman National Webinar   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
ForsterBoughman National Webinar   Emerging Issues in Asset Protection (Seminar and Webinar)   Sept. 29, 2016
FICPA Breakfast Seminar   Asset Protection with LLCs   Aug. 16, 2016
ForsterBoughman National Webinar   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
ForsterBoughman National Webinar   UVTA – What you Need to Know   June 16, 2016
Gassman, Crotty & Denicolo, PA   Uniform Voidable Transaction Act Webinar   Apr. 12, 2016
ForsterBoughman National Webinar   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   Aug. 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

  • LLC Entity Form Offers Asset Protection Advantage

    Article Written for:  Estate Planning

    A limited liability company can provide greater protection from creditors than the corporate form of entity, but LLC statutes differ among the states.

    Read more...
  • Tax overhaul may fuel life settlement industry

      Article Written for:  Journal of Accountancy

    A doubled estate/gift tax exemption makes policies less necessary, while more favorable basis rules decrease gain on their sale.

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

    Article Written for:  Florida Bar Journal

    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...
  • The New Nevis LLC

    Article Written for:  ABA Property and Probate

    The Nevis Limited Liability Company(Amendment) Ordinance (NLLCAO), 2015 (the "New Ordinance") strengthens and clarifies the prior Nevis Limited Liability Company Ordinance (NLLCO) of 1995 ("Prior Ordinance"). Among the improvements made by the New Ordinance 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 Ordinance.

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

    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...
Forster Boughman & Lefkowitz

Our mission is to serve as a resource for complex domestic and international business transactions, tax, health law, data privacy, asset protection, and related litigation.

Our firm is an approachable and economic alternative to large national and international law firms.  Se habla español.



 

Twitter Feed

Contact Info

ForsterBoughman
2200 Lucien Way, Suite 405
Orlando (Maitland), Florida  32751


Local:  (407) 255-2055

Toll-free:  (855) WP-GROUP

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


Office hours:  Open weekdays
from 8:30 AM to 5:30 PM