Trusts & Estates
Asset Protection & Wealth Docx™
By Thomas J. Ray, Jr., Esq, Wealth Docx Executive Editor
In fall 2014, the Asset Protection Advisory Group— which includes Jeff Matsen, who is featured in this issue—met to review WealthCounsel’s Domestic Asset Protection Trust module. The group suggested some minor enhancements to the system but more importantly, suggested the addition of a new asset protection tool: The Wealth Docx Third-Party Domestic Asset Protection Trust.
The Third-Party DAPT is the brainchild of Las Vegas attorney Steve Oshins (who calls it the Hybrid DAPT). It is an alternative to the traditional Domestic Asset Protection Trust, legislation of which has been enacted by several jurisdictions. (The most popular DAPTs are creatures of the Alaska, Delaware, Nevada, and South Dakota statutes, and Wealth Docx gives you the ability to create a DAPT using the laws of those states.)
To learn more about the Hybrid DAPT, please fill out the form below.
Complete the form to get your free guide
Cryptocurrency and Estate Planning
Download the free Insight Brief, "Planning for Virtual Currencies" to learn virtual currency reporting requirements, techniques for exiting large gain positions, advising clients on capital gains, and more!Learn More
Domestic Asset Protection Trusts after Toni 1 Trust
Domestic Asset Protection Trusts (DAPT) have been a useful estate planning tool to help clients protect their assets from creditors. Download this paper now and learn why it has become vital for estate planners to adequately counsel clients in non-DAPT states wishing to fund their DAPT with non-DAPT state property.Learn More
Drafting Third-Party Spendthrift Trusts after U.S. v. Harris
U.S. v Harris changed the game for estate planning attorneys drafting spendthrift trusts. Get the facts in this brief.Learn More