The most common use of trusts is for estate planning. Since Asset Protection planners know that Asset Protection works best when coupled with other legitimate purposes, using a trust to achieve both Asset Protection and estate planning results in a more formidable overall barrier against creditor threats, while efficiently meeting multiple objectives with a single strategy. It is not our objective to exhaustively review all estate planning trusts and how they will be treated in every situation. But we can identify the major trust strategies available and what benefits and possible drawbacks each one generally provides. A competent estate planner should then be contacted in order to make a final determination as to a strategy’s viability for an individual’s particular circumstances.
