It’s unfortunate that, in industry parlance, self-settled spendthrift trusts have come to be called “domestic asset protection trusts” (DAPTs). I say “unfortunate” because these trusts are generally ...

Some have interpreted the recent Alaska decision in Toni 1 Trust v. Wacker, 2018 WL 1125033 (Alaska, Mar. 2, 2018) as a death knell to using U.S.-based domestic asset protection trusts, known as DAPTs ...

Almost 20 U.S. states now permit a person to set up an irrevocable trust that names themself as beneficiary even while the trust maker is alive, a type of irrevocable trust known as a domestic asset ...

This year West Virginia became the 16 th state to allow so-called asset protection trusts. You stash money in one of these trusts, let it season, and thus shield it from creditors. In the current ...

Many turn to domestic asset protection trusts (DAPTs) to shield their wealth, assuming they offer strong protection. However, without understanding their legal vulnerabilities, your assets may still ...

There are a lot of aspects of estate planning that can make it feel daunting. To protect your beneficiaries from creditors, you should consider establishing a domestic asset protection trust or DAPT.

There’s an acronym few financial advisors are familiar with — but they absolutely should get to know. Processing Content DAPTs, the abbreviation for self-settled domestic asset protection trusts, can ...

The Domestic Asset Protection Trust (DAPT) is the onshore response to concerns surrounding offshore asset protection vehicles, but are the onshore and offshore varieties of asset protection equivalent ...

Trusts are an essential financial planning tool that CPAs should consider for clients with even a modest amount of wealth. By having a thorough understanding of common uses for trusts, practitioners ...