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Drafting Third-Party Spendthrift Trusts after U.S. v. Harris

U.S. v Harris Spendthrift Trusts, Asset Protection, Estate Planning,

by Jeramie J. Fortenberry, J.D., LL.M., and Joseph Percopo, J.D., LL.M.

Although no asset protection technique is bulletproof, third-party spendthrift trusts have long been considered to be one of the more reliable asset protection strategies. That assumption has been challenged by the recent Ninth Circuit case of U.S. v. Harris, which held that spendthrift clauses in two discretionary trusts established for a beneficiary by his parents did...