In Trusts We Trust: Day 4
Asset Protection Trusts, Part Two Yesterday I began covering Asset Protection Trusts, which are very popular with wealthy people because they provide both personal privacy and asset protection. If you’ve got a lot of money and you’d like to shield assets from creditors, from litigation, from bankruptcy and from divorce, you may feel that an […]
Continue Reading →In Trusts We Trust: Day 3
Asset Protection Trusts, Part One These trusts are quite popular among the rich because they shield assets from creditors, from litigation, from bankruptcy and from divorce. Many have been known to use them for tax evasion as well. There are Foreign Asset Protection Trusts—think Switzerland, The Cook Islands, and Belize—and there are Domestic Asset Protection […]
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