How to Use Trusts to Shield Your Assets From Creditors Asset Protection Trusts (APTs) offer individuals a powerful tool to safeguard their wealth from potential creditors and legal claims In this guide, we will explore the fundamental components of APTs, the roles of key participants such as the settlor, trustee, and beneficiary, and discuss optimal ways to set up your APT, as well as pitfalls to avoid
ASSET PROTECTION PLANNING (IICLE®, 2018) INTRODUCTION Historically, trusts have been among the most important, regularly used, and accepted asset protection tools when an individual sought to make assets available to a third-person beneficiary but wished to protect those transfers from the beneficiary’s creditors With respect to the transferor’s creditors, in the past, trusts have not been viewed as a useful technique for
Codified Law 55 | South Dakota Legislature 55-1-36 Satisfaction of claims of settlor's creditors from trust estate if settlor is beneficiary 55-1-36 1 Effect on creditor claims of trustee discretionary powers to pay taxes or make reimbursements for taxes 55-1-37 Application of spendthrift provision 55-1-38 Classification of distribution interest
Your Recovery Is Mine: Enforcement of Judgments via a . . . Authored By: Daniel M Coyle – Sequor Law Introduction Asset Recovery and Judgment Satisfaction demands access to broad remedies and creative thinking A Judgment Creditors’ efforts to enforce a judgment may be stymied by property exemptions, wage-garnishment exemptions, trusts, multi-member LLCs, and or because the Judgment Debtor’s property is held by a tenancy-by-the-entireties (if