Domestic asset-protection trusts come with risks, lawyer says

04/1/2012 | AdvisorOne

Some high-net-worth clients are turning to domestic asset-protection trusts to shield assets from creditors. However, advisers should be aware of the legal complexity of DAPTs and the risk they pose in some situations, says Jim Duggan. Advisers need to be aware of criteria necessary for these structures to be valid and understand five principal concerns before implementing a DAPT.

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