CLE On Domestic Self-Settled Asset Protection Trusts and Inter Vivos QTIP Trusts
The American Bar Association is presenting a CLE entitled,There’s No Place Like Home – Domestic Self-Settled Asset Protection Trusts and Inter Vivos QTIP Trusts: Why Do Them and Where To Go When You Do, Tuesday June 9, 2015, 3:00 – 4:30pm Eastern, online. Here is why you should attend:
Effective July 1, 2014, Mississippi became the 15th state to permit the creation of full blown self-settled asset protection trusts. Besides the 15, at least 10 other states allow some form of an asset protection trust, including inter vivos QTIP trusts. The proliferation of domestic asset protection trusts leaves attorneys inquiring about the laws in each asset protection state and the benefits of creating such a trust in one state versus another. Other frequently asked questions include:
- What is an inter vivos QTIP trust and how can it help my clients?
- Will domestic self-settled asset protection trusts benefit my clients?
- Do the costs of creating a trust in one state for creditor protection or taxation benefits really outweigh the creation of such a trust in another?
- Is the trust really protected from creditors?
- Can the trust be used to avoid the income tax in the grantor’s state of residence?
- Can a same sex couple benefit from the use of these trusts?
- Is using an offshore trust better?
These are just some of the questions that will be answered over the course of five eCLE webinars addressing some of the full blown domestic self-settled asset protection trust statutes and inter vivos QTIP trust statutes.
Register for the entire series or individual sessions. Those who sign-up for the entire series will be registered for all remaining sessions and will receive recordings of any sessions that have already occurred.