ASSET PROTECTION (TRUST) - Domestic Asset Protection Trust (DAPT) - The Domestic Asset Protection Trust is a self-settled spendthrift trust that allows the Settlor to be the Primary Beneficiary during his or her lifetime. This is the only type of domestic irrevocable trust that allows for this, and it is modeled after the Offshore Asset Protection Trust. This is very new law; legislation recently passed and is currently available in twenty states (as of August 2024).
AVAILABLE ONLY IN: Alabama, Alaska, Connecticut, Delaware, Hawaii, Indiana, Michigan, Mississippi, Missouri, Nevada, New Hampshire, Ohio, Oklahoma, Rhode Island, South Dakota, Tennessee, Utah, Virginia, West Virginia and Wyoming.
Does not include State Incorporation Fees, Registered Agent Fees, Banking Fees or Trustee Fees.
ASSET PROTECTION (TRUST) - Domestic Asset Protection Trust (See States List)
ASSET PROTECTION (TRUST) - Domestic Asset Protection Trust (DAPT) - The Domestic Asset Protection Trust is a self-settled spendthrift trust that allows the Settlor to be the Primary Beneficiary during his or her lifetime. This is the only type of domestic irrevocable trust that allows for this, and it is modeled after the Offshore Asset Protection Trust. This is very new law; legislation recently passed and is currently available in twenty states (as of August 2024).
AVAILABLE ONLY IN: Alabama, Alaska, Connecticut, Delaware, Hawaii, Indiana, Michigan, Mississippi, Missouri, Nevada, New Hampshire, Ohio, Oklahoma, Rhode Island, South Dakota, Tennessee, Utah, Virginia, West Virginia and Wyoming.
Does not include State Incorporation Fees, Registered Agent Fees, Banking Fees or Trustee Fees.