Domestic Asset Protection Trusts are an effective estate planning tool for high-net-worth individuals and professionals with liability concerns (like doctors and lawyers). These trusts protect against future lawsuits. DAPTs are self-settled trusts that shield assets from creditors and divorce claims. Currently, 17 states offer DAPT legislation. Taxes Domestic Asset Protection Trusts (DAPT) allow you to move money and property into an irrevocable …
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