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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.