Domestic Asset Protection Trusts
- ISBN-10
- 1558717900
- ISBN-13
- 9781558717909
- Category
- Actions and defenses
- Language
- English
- Authors
- Richard W. Nenno, John E. Sullivan
Description
" ... discusses various aspects of domestic asset protection trusts (APTs), including the reasons for and against recognizing such trusts, the benefits of such trusts, and the potential application of the fraudulent transfer rules. An APT is an irrevocable trust in which the settlor retains some benefits that cannot be reached by his or her creditors. The portfolio gives particular attention to defending APTs against creditor attacks, noting, where appropriate, matters addressed by the Uniform Trust Code or the Restatement (Second) Conflict of Laws. The portfolio also discusses the ethical and liability concerns of attorneys involved in domestic APT planning"--P. iii.
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