In recent years, many states have begun to allow self-settled spendthrift trusts.

These new trusts allow the settlor to obtain the benefits of offshore asset protection trusts without the complexity, cost, and byzantine application of foreign law. A settlor can shield assets from his or her creditors or tort claimants, remove those assets from his or her gross estate, and obtain other tax and non-tax benefits.Though more accessible than offshore trusts, domestic asset protection trusts still come with risk.

This program provides a practical guide to using self-settled spendthrift trusts and drafting their instruments.

• What are domestic asset protection trusts?
• When are they best used and what are the risks?
• What states allow these trusts and subject to what limits?
• How do domestic trusts and offshore trust compare?
• What are the tax benefits and risks of thee trusts?

DETAILS
Phone/Audio
Monday, September 12, 2022
1:00–2:00 PM

SPEAKERS

• Jonathan E. Gopman, Akerman, LLP, Naples, FL

PRODUCED
September 12, 2022

APPROVED CREDIT
North Carolina: 1.00 MCLE Hour

PROGRAM PRICING
See pricing below.