Professor James J. White contends that any transfer to an asset protection trust is a fraudulent transfer “pure and simple.” (These are commonly also known as self-settled trusts because the trust is created or settled in whole or in part for the benefit of the settlor himself.) He doesn’t attempt to camouflage his disdain for such trusts. His ultimate conclusion is that the 17 or so state legislatures that have passed some form of asset protection for self-settled trusts
Review of Reviews: “Fraudulent Conveyances Masquerading as Asset Protection Trusts,” 47 UCC Law Journal 4 (January 2018)
James J. White, Robert A. Sullivan Professor of Law, University of Michigan Law School in Ann Arbor, Mich.