Nontraditional Uses of the Asset Protection Trust – Outline

  1. Overall objectives of asset protection planning.
  2. Outline and features of the asset protection trust.
  3. To “domesticate” property for residents of “less friendly” jurisdictions.
  4. To gain a measure of privacy.
  5. To hold assets that cannot or should not be held through other entities.
  6. To retain control of property while gaining a measure of protection from unjust creditor claims.
  7. To reduce federal estate taxes.
  8. As a substitute for a prenuptial agreement.
  9. In business succession planning.
  10. To preserve assets for future generations free of estate and gift taxes.