ASSET PROTECTION

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,

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

All access premium subscription

Your subscription will include 12 months of Trusts & Estates magazine and access to premium content on WealthManagement.com.

TAGS: Archive
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish