VIEWS: 769 PAGES: 19 CATEGORY: Wills and Trusts POSTED ON: 1/15/2011
This document creates an irrevocable trust with the goal of protecting the trust assets from creditors or other parties seeking the trust’s assets. An Asset Protection Trust is made between the Settlor of the Trust and the Trustees. As drafted this document provides for the assets to be held on a discretionary basis. This document is useful to individuals seeking to place assets in a trust to avoid taxation and to protect assets in the event of divorce or bankruptcy.
"Asset Protection Trust"