More recently, some jurisdictions began to allow self-settled trusts, or trusts where the person who establishes the trust is also a beneficiary. In legal parlance, that person is known as the ...
Consequently, in 1997 lawmakers in some states (beginning with Alaska) decided to permit “self-settled” trusts, in which the trust maker could set up an irrevocable trust that protected assets ...
Conceptually, a DAPT (also called a self-settled trust because you created or settled it for yourself, or an asset protection trust because a goal is to protect the assets in the trust for ...
Considers a debtor's denial of discharge for the debtor's fraudulent transfer within the year of his filing of a bankruptcy ...
If a trust maker wishes to be the beneficiary of the trust they are forming but does not live in a jurisdiction that permits self-settled asset protection trusts, the trust maker can choose to ...
A revocable living trust is an arrangement that allows you to have more control over your estate in an advantageous ...
What This Means for Your Current Will, Revocable Trust and Estate Plan - The estate and gift tax regimes have been permanent ...
As Murdoch family members clash over who will control voting shares in the Fox media empire, the court proceedings, in Nevada ...
An irrevocable life insurance trust (ILIT) helps minimize estate and gift taxes, provides creditor protection, and protects government benefits.
You may want to take care of your children in your will but suspect that they would blow through their inheritance in just a few years. That’s when a spendthrift trust comes in handy. Also ...
MicroStrategy founder Michael Saylor said he supports self-custody and freedom to choose a custodian following a recent ...