New acronym more excitement! DAPT – Domestic asset protection trust. This is a trust you can create for your spouse and kids but you too can be a beneficairy if you create the trust in one of ...
DAPTs can’t protect assets from known creditors Due to state and federal transfer laws, the amount of assets transferred into a DAPT must not leave the trust maker unable to pay off known debts ...
The DAPT does not provide direct financial access to your wealth, but the grantor (the person who created and funded the trust) may be designated as a beneficiary. Distributions to you as the ...
A SLAT is a spousal lifetime access trust and is common asset protection and tax planning technique for married couples. A DAPT is a domestic asset protection trust and a type of trust you can ...
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