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As the need asset protection strategies continues to grow, more and more estate planners are looking to utilize Domestic Asset Protection Trusts (DAPTs). While there are a handful of jurisdictional options for DAPTs, how do you choose the right one? Some planners choose according to geographic proximity, and while this might be the right choice, there are a number of factors you should consider as you're evaluationg the best asset protection strategy for your clients:

  1. Statute of Limitations - What is the time period for a creditor to challenge a transfer to one of these trusts?
  2. Profesional Trustee Infrastructure - Is there a strong network of trustees to administer and enforce the trust?
  3. Legislative History - Does this state have a strong track record of advancing asset protection thorugh the legislative process?

Wealth Docx makes it easy for you to evaluate the available options for DAPTs and make the best choice for your clients. Download "A Comparison OF Alaska, Delaware, Nevada and South Dakota DAPT Statutes" to learn more. Complete this form to review this document.