DOMESTIC ASSET PROTECTION TRUS

Many states have established trusts that offer the protection of the trust assets from the settlor's creditors which are generally referred to as Domestic Asset Protection Trusts (DAPTs). This resource provides information on the trust rules and regulations in the states that have allowed them, as well as general guidance on key issues, such as selecting a DAPT state, defending or challenging a DAPT, and how trust assets are handled in bankruptcy.