What is the purpose of an Asset Protection Trust?An Asset Protection Trust is a legal device that is designed to provide a substantial barrier to an attack on assets from potential creditors, provides additional protection during any civil (business related, contractual or for money damages) law suit. It is frequently designed with enough flexibility so the beneficiaries may use trust assets while fighting any litigation proceeding. Properly constructed, it frequently allows the Settlor to put the assets "beyond the reach" of creditors and US judgments.
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