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The freedoms announced this week allow people to use the scheme more than once, moving asset wealth from one property to another.
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"All we are doing is moving assets from one part of the state system to another".
Real-time localization of moving assets gains increasing importance in today's transportation and supply chain systems.
Some states offer plans meant to reduce risks by moving assets around as your child ages.
"We are moving assets away from the UK, which is a shame," he said.
Bank of America alone has spent $400 million moving assets and workers to Dublin and Paris, it said this week.
The more immediate concern is moving assets into a marital trust now may incur a state estate tax bill.
Ms. Porter, the lawyer for I Works, said that there was nothing untoward — or even unusual — about the company moving assets through holding companies and other entities.
Ominously its proposals "include options for moving assets to the private sector where there is no longer a strong policy reason for continued public ownership".
As a result, Mr. Myrick said, a conglomerate like A.I.G. "can keep moving assets around to clean up one company" at a time, when examiners were looking.
He added: "It is as if one spouse began secretly moving assets in order to benefit him or herself to the detriment of the other spouse.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com