Why is the Affidavit of Solvency important as a Due Diligence document?
The Affidavit of Solvency is required by the Asset Protection Trust Trustee as means of due diligence as an item of Integrity and ensuring that the Trustee is not dealing with someone who, by the establishment of the Trust, is not making themselves incapable of meeting their financial obligations. You are representing that you are engaging in Asset Protection for proper reasons, without any specific intent to hinder, delay or defraud any legitimate creditor (i.e. the holder of the mortgage lien on your home, or the credit card grantors to whom you owe credit card balances for charges you made).
