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Self Settled Trusts and LLCs

Green_background The August 2009 edition of The Estate Analyst is comprised of an article by Robert L. Moshman (attorney and writer) entitled Bootstrapping Backfires for Self-Settled Trusts and Single Member LLCs: Step Transactions Tripped Up. The introduction to the article and the August 2009 edition of The Estate Analyst is below:

Self reliance is a virtue to be admired but when there are potential creditors in one’s future, can you lift yourself out of harm’s way by your own bootstraps? Here we take a look at asset protection approaches that involve a bit of self-help magic, i.e., self-settled trusts, single member LLCs, and step transaction LLCs.