Join Now, Pay No Initial Fee

For a limited time only, when you sign an annual contract for Wealth Docx, Business Docx, or Wealth Tracx, we will waive your initial fee.

Trusts & Estates

read
Trusts & Estates

Clarity in Asset Protection: The Voidable Transactions Act

By Jeremiah Barlow, JD

In 2014, the Uniform Fraudulent Transfer Act (UFTA) was renamed to the Uniform Voidable Transactions Act (UVTA).1 Why is this important in asset protection? In the realm of asset protection, “fraudulent transfers” provide a means for creditors to void assets that were transferred to an asset protection trust. Thus, understanding the importance of what is now the UVTA, as well as how it applies, is vital for any attorney practicing in the area of asset protection.

This article will discuss the following key revisions to what is now the UVTA: 1) the term “voidable” is now used in place of “fraudulent”; 2) the burden of proof is clarified; and 3) the amendment seeks to clarify the choice of law issue that common arises during application of fraudulent transfer laws.

To learn more about the UVTA, please fill out the form below.


Complete the form to get your free guide

Related Resources

Planning for Virtual Currencies thumbnail
read
Trusts & Estates

Cryptocurrency and Estate Planning

Download the sample trustee manual to see how Wealth Tracx can help introduce trustees to the trust administration process.

Learn More
Toni 1 Trust Thumnail
read
Trusts & Estates

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
IB US v Harris thumbnail
read
Trusts & Estates

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

Get the Premier Magazine for Industry Thought Leaders