To Use a Domestic Asset Protection Trust or NOT!
Revocable Trusts Aren’t Asset Protection Trusts Lots of people establish a living revocable trust thinking they are creating some sort of a domestic asset protection trust. A revocable trust is not an asset protection trust. Living trust asset protection is pretty much a myth. Whether the trust is a living trust, family trust, or another type of trust you can conjure up, if it is revocable, it does not protect its assets ...
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