Corporations Can Protect Assets Too "Buy Israel Goods" Day is Friday, March 30. S tandWithUs-Michigan, in structive measures, cooperation with its interna- who undermine tional parent organization, is hopes for peace- urging local Jewish organizations and ful coexistence and individuals to buy up Israeli goods at whose only goal is local stores on Friday, March 30. to cripple and dam- On this day, the anti-Israel cam- age Israel by hurt- paign has planned a global boycott ing Israeli citizens," Roz Rothstein of Israeli products with protesters said Roz Rothstein, standing outside stores, asking StandWithUs shoppers not to buy Israeli co-founder and CEO. N Oth E I- I Co 0 products. In partnership ...,, Last year in this area, t;) with the American-Israel40 , tp Israel supporters were in Chamber of Commerce, many local stores, buy- StandWithUs success- ing a variety of products fully countered similar and making a point of ■ f' boycott days in 2010 and -/ thanking the store manag- 0A/1 I -0-'s 2011, mobilizing Israel sup- ers for stocking Israeli goods. porters in every store that the In searching for Israeli items, boycotters had targeted worldwide. some shoppers discovered stores they "We must defeat the boycotters who had not previously patronized. They advocate destructive, instead of con- bought food items, wines, women's CONTENTS clothing, shoes, Judaica, giftware, books, music, jewelry and cosmetics. March 30 is a good time to shop for Passover items from Israel to serve and to give as gifts. For a listing of stores and products in the Metropolitan Detroit area, go to www.BuyIsraelGoods.org . The website includes a store locator and the type of products stocked. Look for Detroit in the listing of areas. For background information about Buy Israel Goods Day, go to www. StandWithUs.com . SWU suggests Israel supporters take along a camera on their shopping spree and email pictures and videos of their actions on behalf of Israel to standwithusmichigan@gmail.com . For information, contact SWU-MI at (248) 325-5306 or at the above email address. JEW1SHNEWS March 22 - 28, 2012 I 28 Adar 5772 Vol. CXLI, No. 7 Ann Arbor 5, 47 Out & About 44 Around Town 26 Points Of View 38 Arts/Entertainment 43 Sports 42 Calendar 22 Staff Box/Phone List Food 48 Letters 5 6 Synagogue List 40 Teen2Teen extra 34 Life Cycles 51 Torah Portion 41 Marketplace 55 World/Israel 32 Metro 8 Next Generation 36 Obituaries 62 Shabbat Lights / Holiday Shabbat: Friday, March 23, 7:31 p.m. Shabbat Ends: Saturday, March 24, 8:33 p.m. Shabbat: Friday, March 30, 7:39 p.m. Shabbat Ends: Saturday, March 31, 8:41 p.m. First Passover Seder: Friday, April 6 Times are according to the Yeshiva Beth Yehudah calendar. Danny Raskin 50 On The Cover: Our JN Mission The Jewish News aspires to communicate news and opinion that's useful, engaging, enjoyable and unique. It strives to reflect the full range of diverse viewpoints while also advocating positions that strengthen Jewish unity and continu- ity. We desire to create and maintain a challenging, caring, enjoyable work environment that encourages creativity and innovation. We acknowledge our role as a responsible, responsive member of the community. Being competi- tive, we must always strive to be the most respected, outstanding Jewish community publication in the nation. Our rewards are informed, educated readers, very satisfied advertisers, contented employees and profitable growth. The vast majority of my asset protection planning clients have been business owners, real estate developers and professionals such as doctors and corporate executives. However, a recent trend has developed in which corporations have also been looking to benefit from asset protection planning in order to better position both themselves and their owners in this volatile economic climate. In the typical situation, a corporation has substantial cash on hand and is interested in ensuring that the cash is protected from unexpected claims of random creditors. You may be aware of domestic asset protection trusts (a "DAPT') in which an individual transfers valuable assets to the DAPT and thereafter those assets are protected from the individual's creditors. Howard B. Young Since a DAPT cannot be created under Michigan law, I utilize out-of- state jurisdictions, such as Delaware, where local trust law allows an individual to both establish and be a beneficiary of the trust. However, Delaware also allows for the use of asset protection trusts for corporations. A Delaware asset protection trust for a corporation is substantially similar to one that is created for an individual. The trust allows for substantial flexibility for both the corporation and its owners. Just like with all corporate and asset protection planning, the key to any plan that utilizes a Delaware asset protection trust is the development of a fundamentally sound and practical approach that considers the needs and objectives of the parties. The ability to incorporate a Delaware asset protection trust into the planning process certainly provides exciting opportunities for corporations with assets that may be in need of protection. If you feel you might benefit from consulting with an estate and asset protection planning attorney, please feel free to give me a call at 248.258.2700 or email me at hyoung@ wyrpc.com . By: Howard B. Young, Esq. You may read Howard's blog at www.michiganassetprotedionlawyerblog.com . WEISMAN, YOUNG & RUEMENAPP, P.C. is a full service business law firm. Formed in 1980, our continuing mission is to provide legal services to our clients with a solid commitment to effectiveness, efficiency and excellence. WEISIVIAN, YOUNG & RUEMENAPP, P.C. ATTORNEYS AND COUNSELORS AT LAW Page design, Michelle Sheridan The Detroit Jewish News (USPS 275-520) is published every Thursday at 29200 Northwestern Highway, #110, Southfield, Michigan. Periodical postage paid at Southfield, Michigan, and additional mailing offices. Postmaster: send changes to: Detroit Jewish News, 29200 Northwestern Highway, #110, Southfield, MI 48034. - 30100 Telegraph Road, Suite 428 Bingham Farms, MI 48025 Phone: 248.258.2700 Fax: 248.258.8927 Website: wyrpc.com March 2.201 3