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Asset Protection Trusts (APT) are specifically designed
to guard against the claims of future creditors. Developed
in response to the alarming rise in lawsuits over the
last decade, they shield the Settlor and potential beneficiaries
from future claims against trust assets.
APT's are most commonly used by self-employed professionals
and successful entrepreneurs. In fact, anyone who runs
the risk of becoming a defendant in a frivolous or vexatious
lawsuit can benefit.
Many clients use a trust in conjunction with an offshore
corporation. In addition to adding a layer of confidentiality,
control, and versatility to the overall financial strategy,
this allows clients to use the most advantageous trust
and corporate legislation available to meet their own
particular needs.
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