Domestic Asset Protection Trusts (DAPTs) – available only in a small number of states, including South Dakota – are a formidable planning strategy that legally shields assets from third-party liability (including spouses in a divorce proceeding) and lawsuits while permitting settlors (the person establishing the trust) to retain some control over the trust assets and enjoy a discretionary benefit during their lifetime.
Contact us to discuss this topic further at info@bridgefordtrust.com or by calling (605) 224-9189. You can also visit our website at www.bridgefordtrust.com.
Asset Protection
Modern Trust Laws
Trust Administration
Trust Planning Strategies
