Farrell Fritz is a full-service regional law firm with approximately 80 attorneys in five offices, dedicated to serving closely-held/privately-owned/family owned businesses, high net worth individuals and families, and nonprofit organizations.
Farrell Fritz handles legal matters in the areas of bankruptcy and restructuring; business divorce; commercial litigation; construction; corporate and finance; emerging companies and venture capital; employment law; environmental law; estate litigation; healthcare; land use and zoning; New York State Regulatory and Government Relations; not-for-profit law; real estate; tax planning and controversy; tax certiorari, and trusts and estates.
Domestic Asset Protection Trusts (DAPTs), currently authorized by statute in 20 states, provide individuals with a powerful tool to shield assets from potential future creditors. These irrevocable trusts allow.
Domestic Asset Protection Trusts (DAPTs), currently authorized
by statute in 20 states, provide individuals with a powerful tool
to shield assets from potential future creditors. These irrevocable
trusts allow the grantor to retain some beneficial interest while
enjoying robust creditor protection. Commonly referred to as asset
protection trusts, they serve not only as a safeguard against
creditors but also as a strategic vehicle for estate tax
planning.
Daniel S. Rubin recently appeared as a guest on the ACTEC
Trust and Estate Talk podcast, where he explored the planning
opportunities and advantages offered by asset protection
trusts.
Listen to the podcast here:
For a transcript of the podcast, please visit the ACTEC website
here:
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.