CLE On Offshore Asset Protection Trusts

The American Bar Association is presenting a CLE entitled, They Work Extremely Well? – Offshore Asset Protection Trusts: Why Do Them and Where to Create Them, Tuesday August 11, 2015, 12:00-1:30pm Central, online.  Here is why you should attend:

Some estate planning practitioners caution that offshore asset protection trusts work “extremely well.” Cases in the United States indicate that debtors sometimes cannot reach their own assets even when said debtor’s freedom (via a contempt of court order) is on the line. However, all offshore asset protection trusts are not created equal; when used with the right client, in the right set of circumstances, they offer unmatched protection that could be a wonderful estate planning tool.

Domestically in the United States, at least 24 states allow some form of a domestic asset protection trust, including inter vivos QTIP trusts and self-settled asset protection trusts. The proliferation of domestic asset protection trusts leaves attorneys inquiring whether their use outweighs the potential benefits of using an offshore asset protection trust.