Gideon Rothschild, partner in New York's Moses & Singer LLP, reports:
Oklahoma and Missouri have passed asset protection trust legislation — bringing to seven the states allowing settlors to create trusts for their own benefit that enjoy protection from future creditors. The other states are Alaska, Delaware, Nevada, Rhode Island and Utah.
Oklahoma passed the Family Wealth Preservation Act on June 9, effective for trusts created after that date. Missouri's statute was sign