Before clients marry, or during a stable marriage, estate-planning attorneys may want to suggest that, as a responsible steward of the family’s wealth, the client consider the creation of a “self-settled” (as defined in this article) trust under the laws of a jurisdiction (for example, a state that’s enacted domestic asset protection trust (DAPT) law) that will shield the trust assets from unexpected creditors. Using trusts to hold
ARTICLE ACCESS REQUIRED
Please Log in if you are currently a Trust&Estates subscriber, or select DAYPASS for our new 24 hour access (nominal fee required).
If you are interested in unlimited article access for one year, please select Annual Subscription below.