Case Studies in Asset Protection, Part 5: APTs, DAPTs, FAPTs, and Lifetime QTIPs

by WealthCounsel Staff

We’ve covered a lot of ground in our first four of six case studies on the importance of asset protection planning, including:

• Bloodline protection concerns
• Beneficiaries as trustees
• Independent trustees
• Distribution trustee provisions / outright distributions
• Spendthrift trusts
• Business entities and real estate and how to protect against inside debts and understand separate business assets
• Traditional irrevocable life insurance trusts (ILITs)
• Spousal lifetime access trusts (SLATs)
• Survivorship access trusts (SATs)

In this fifth installment, our fictitious client has entered a high-risk profession prone to litigation and asked you for help. Let's explore the following strategies and how they might apply to your clients:

• Asset Protection Trusts (APTs)
• Domestic Asset Protection Trusts (DAPTs)
• Foreign Asset Protection Trusts (FAPTs)Asset Protection Trusts (FAPTs)
• Lifetime QTIPs (Qualified Terminable Interest Property Trusts)