Alternate Uses For Self-Settled Trusts

Many advisors assume that domestic asset protection trusts (DAPTs) self-settled trusts established in the United States typically to protect trust assets from a beneficiary's creditors are created exclusively for high-risk professionals, such as physicians, who are exposed to potential financial ruin by malpractice judgments in excess of insurance coverage. Not so. Many types of clients can benefit

Many advisors assume that domestic asset protection trusts (DAPTs) — self-settled trusts established in the United States typically to protect trust assets from a beneficiary's creditors — are created exclusively for high-risk professionals, such as physicians, who are exposed to potential financial ruin by malpractice judgments in excess of insurance coverage. Not so.

Many types of clients can benefit from a DAPT. Some advisors recognize this, but still fail to realize the full poten

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