Most Of The Asset Protection Tools Discussed Below Are Used In Estate Planning. Are They Structured Differently When Used For Asset Protection?
Yes! Example: Most Living Trusts divide assets into as many parts as you have children and then on each child’s 25th, 30th and 35th birthdays gives him/her one third of the child’s share of assets. If the child has a creditor, the child will lose one third of his or her inheritance. Can your child’s inheritance be asset protected? Yes! Make the trust discretionary and put in the additional drafting needed.
