Trusts & Estates
Domestic Asset Protection Trusts after Toni 1 Trust
By Yvonne Olivere, JD | WealthCounsel
Domestic Asset Protection Trusts (DAPT) have been a useful estate planning tool to help clients protect their assets from creditors. However, since each state’s statutes set forth its own requirements for a valid DAPT, what happens when an individual creates a trust in one state’s jurisdiction while funding it with assets located in another state?
In this Thought Paper, Yvonne Olivere, JD, explores how the recent case of Toni 1 Trust v. Wacker addresses the issue of exclusive DAPT jurisdiction and provides practical takeaways from this Alaska Supreme Court ruling. 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.
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
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