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Gary A. Forster

Gary A. Forster

Gary Forster is the managing partner and co-founder of ForsterBoughman.  His 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 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 2020, he finished the second 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.  Gary earned a B.A. from Tufts University, graduating cum laude with majors in Economics and Spanish Literature.  He received his J.D. from the University of Florida College of Law, graduating with honors.  Gary continued his studies as a graduate fellow at the University of Florida College of Law, Masters of Taxation program, earning an LL.M.  His education also includes studies at the University of Madrid, Oxford University and Leiden University in the Netherlands.  Gary is rated AV-Preeminent by Martindale-Hubbell and speaks Spanish fluently.

Article Written for:  TaxStringer, the NYSSCPA's (New York Society of Certified Public Accountants)

In Moore v. U.S. (36 F. 4th 930), the U.S. Supreme Court ruled on a constitutional challenge of IRC section 965, the mandatory repatriation tax (MRT).

Foreign and Domestic Asset Protection and Related Tax Matters
In this seminar, we will explore the principal elements of asset protection, with a focus on strategies for physicians. Attendees will learn how to effectively implement legal protections, in coordination with income and estate tax planning. Special domestic and offshore considerations for medical professionals will also be discussed.

Thursday, November 21st @ 6 PM ET
Visit the Vietnamese American Medical Professionals (VAMP) website for more information.
Florida Institute of Certified Public Accountants (FICPA)
Gary heads into the recording studio with the FICPA to present his seminar: "Asset Protection Trusts: Domestic and International." In this seminar, we explain the evolution of the trust and how to best implement modern asset protection trusts. Attendees will learn both the protective characteristics of trusts and taxation under U.S. law. Discussion will include the differences between domestic and offshore protections and tax planning strategies.

This seminar will be released on November 19, 2024.

Tuesday, November 12th @ 8 AM ET
Visit the FICPA website for more information.

Article Written for:  Florida CPA Today Magazine, FICPA Florida Institute of Certified Public Accountants

For U.S. income tax purposes, foreign trusts are treated as non-resident/non-citizens (NRNC), subject to U.S. income tax only on U.S. source income.[1]

Tax Planning and Asset Protection Update (including 2024 U.S. Supreme Court Decisions)
In this seminar, we discuss both (i) the LLC and trust cases that govern protective structuring and (ii) the three 2024 SCOTUS cases that shape tax policy in the U.S. Attendees will learn about new exposures and insulating strategies (both domestic and international) as well as the limits on IRS power.

Wednesday, October 16th @ 12 Noon ET
Register for this LIVE (no cost) seminar.
Foreign and Domestic Asset Protection Trusts
In this seminar, we explain the historical path, from ancient trusts to modern asset protection trusts, including their protective characteristics and taxation under U.S. law. Attendees will learn the critical differences between domestic and offshore asset protection trusts and how and when to implement effective on-shore and off-shore strategies.

Thursday, September 12th @ 12 Noon ET
Register for this LIVE (no cost) seminar.
2024 Asset Protection Update
In this seminar, we provide an asset protection update for 2024. We discuss considerations for entity and trust formation, choosing jurisdictions, choice of governing law and international expatriation and pre-immigration planning. Attendees will learn techniques for effectively structuring assets through LLCs, trusts, titling, and applicable exemptions, along with a practical discussion on new cases and prudent asset protection practices and misconceptions. The discussion also includes a comprehensive tax overview of the practice.

Friday, August 2nd @ 1:30 PM ET
Visit the FICPA website for more information.
Tax & Tonic:  Practical advice for sophisticated CPAs
Tax & Tonic is a discussion group intended to inform CPAs of pertinent tax law changes and issues, with a focus on international, corporate and estate tax matters.

Wednesday, June 12th @ 5 PM PT

The Venetian Las Vegas
3377 Las Vegas Blvd S
Las Vegas, NV 89109
Tax & Tonic:  Practical advice for sophisticated CPAs
Tax & Tonic is a discussion group intended to inform CPAs of pertinent tax law changes and issues, with a focus on international, corporate and estate tax matters.

Monday, June 10th @ 1 PM PT

Fairmont San Francisco
950 Mason Street
San Francisco, CA 94108
Single Member LLCs: Top 10 Tips and Traps
In this seminar, we explore the limits of protective structuring and the role of insurance. We analyze the variety of benefits and drawbacks available in different jurisdictions and how to best implement the most protective strategies. Our focus is on the strengths and weaknesses of LLCs offered domestically and abroad and how to combine the LLC and trust in a layered yet manageable construct.

Tuesday, April 23rd @ 10 AM ET
Visit the National Business Institute website for more information.
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Forster Boughman & Lefkowitz

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

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



 

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


Local:  (407) 255-2055

Toll-free:  (855) WP-GROUP

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