However, state lawmakers grew tired of seeing their constituents form trusts and transfer assets overseas so that the trust maker could achieve asset protection for themselves.

An asset-protection trust can help older adults in need of constant nursing care pay the substantial costs of assisted living or skilled nursing facilities and at-home help.

Irrevocable trusts offer nearly endless possibilities for high-net-worth individuals to reduce their estate taxes and protect ...

Asset protection trusts — both offshore and domestic — can be highly effective vehicles for protecting your wealth in today’s litigious society. But these trusts can be complex and expensive ...

One way to avoid such situations is creating a legacy trust. A legacy trust avoids probate like the basic revocable trust, but it also provides a lifetime of asset protection for your beneficiaries.

New decision in Arline Grant case show these trusts can only both protect assets and give the settlor the use of those assets, if the a person can leave the jurisdiction of the U.S. courts.

Beyond exempt assets and TBE, basic asset protection tools, like family limited partnerships (FLPs) limited liability companies (LLCs), and certain types of trusts should be used.

Deposit and Securities Insurance On the most basic level, asset protection can include simple safeguards such as deposit insurance on bank accounts and the equivalent for brokerage accounts.