
Loune-Djenia Askew, Esq.
Sep 6, 2023
Asset Protection Trusts can help keep your assets from creditors, lawsuits and even divorce claims and civil action. All Asset Protection Trusts are irrevocable.
Asset Protection Trusts can help keep your assets from creditors, lawsuits and even divorce claims and civil action. All Asset Protection Trusts are irrevocable.
Three (3) types of Asset Protection Trusts (“APTs”):
Domestic APTs
Not available in every state
Florida does not presently offer
Offers the most flexible asset-protection trust laws in the United States.
Foreign APTs
Also known as “ Offshore Trust”
Created outside the U.S.
Cost more to establish
Enhanced privacy protection
Can potentially offer tax benefits
3) Medical APTs
Used to reduce or eliminate assets being counted as part of your total Estate value.
Contact our office at Askew & Associates, P.A. by calling 954-546-2699.
*Disclaimer: this blog post is not intended to be legal advice. We highly recommend speaking to an attorney if you have any legal concerns.