Trusts & Estates
Case Studies in Asset Protection, Part 5: APTs, DAPTs, FAPTs, and Lifetime QTIPs
by WealthCounsel Staff
We’ve covered a lot of ground in our first four of six case studies on the importance of asset protection planning, including:
- Bloodline protection concerns
- Beneficiaries as trustees
- Independent trustees
- Distribution trustee provisions / outright distributions
- Spendthrift trusts
- Business entities and real estate and how to protect against inside debts and understand separate business assets
- Traditional irrevocable life insurance trusts (ILITs)
- Spousal lifetime access trusts (SLATs)
- Survivorship access trusts (SATs)
In this fifth installment, our fictitious client has entered a high-risk profession prone to litigation and asked you for help. Let's explore the following strategies and how they might apply to your clients:
• Asset Protection Trusts (APTs)
• Domestic Asset Protection Trusts (DAPTs)
• Foreign Asset Protection Trusts (FAPTs)Asset Protection Trusts (FAPTs)
• Lifetime QTIPs (Qualified Terminable Interest Property Trusts)
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