How to Choose Which Asset Protection Trust is Right for You
Which asset protection trust is the best? Is it possible that the best trust for protecting your assets from creditors, lawsuits, and other risks, is not an “asset protection trust?” In this guide, we’ll cover the key factors to consider when selecting a trust for protecting your net worth. But first, let’s talk about what […]
4 Ways to Revoke or Amend an Asset Protection Trust
Are you wondering is an asset protection trust revocable? Asset Protection Trusts are normally “irrevocable” meaning that people cannot just assign them away like other assets. However, there are four ways to revoke or amend an Asset Protection Trust if you desire. A Trust Protector May Be Able to Modify or Revoke the Trust. One […]
Asset Protection Trusts – Are They Legal?
Asset Protection Trusts (APTs) are legal, but may not be effective. They offer the promise of protecting assets from creditors, claims, and lawsuits, and keep them secure for generations to come. But what are the risks? This article will explore the basics of APTs, as well as their advantages and disadvantages. What Is an Asset […]
Asset Protection Through Trusts for Beginners
Trusts for asset protection are legal tools used to protect valuable assets. They can protect real estate, investments, personal property and just about anything else. By creating a trust and transferring ownership of your assets to the trust, you can protect them from creditors and possible lawsuits. But be careful. Some trusts work, and others […]
When Should You Consider Setting Up an Asset Protection Trust?
Setting up an asset protection trust can help you protect your assets from creditors, lawsuits, and other financial risks. It is a popular tool. But it only works in these circumstances: The person creating the trust is a resident of a state that permits them, and The person creating the trust is not subject to […]
Everything You Need to Know About Setting up a Will and a Trust
Setting up a will and trust can help ensure that someone manages your assets according to your wishes when you pass away. With the proper set-up, these legal instruments can save money for your loved ones. They can also protect your legacy for generations to come. Understand Your Responsibilities as a Trustmaker. When you set […]