Wednesday, July 27, 2016

Asset Protection Trust State Comparison

Now more than ever with the federal government focusing on U.S. taxpayers moving money outside the country, the trend will be towards using domestic asset protection trusts—not offshore trusts—says Peter Gordon, a trust lawyer in Wilmington, Del. Understand that setting up a DAPT is a preemptive strategy. “If you’ve already got problems, setting up a DAPT isn’t going to fly; the idea is to do it before you have problems,” says Gordon. Interested? Here’s help in deciding what state to set one up in.

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