Solutions

The Asset Protection Trust

Utilising the Asset Protection Trust to shelter assets from future claims and/or litigation

The use of the Asset Protection Trust is a popular solution for professional firms and medical professionals or indeed anyone who may be vulnerable to the risk of litigation. For more information, read the guide below or contact us directly to find out how we can assist you.

Benefits & Features of the Asset Protection Trust

This is essentially a discretionary trust where the assets are placed to shelter them from potential future claims. These have increased in use in recent years with the rapid increase, primarily in the USA, of litigation against professional firms and the medical profession.

This straight-forward trust is set up to provide protection from any type of future claim, including creditors’ claims, claims in a divorce settlement and judgments. In order for this trust to provide the maximum level of protection, it needs to be an irrevocable discretionary trust. This means that the power to appoint any part of the trust fund will remain at the full discretion of the trustee.

Depending on the proper law under which the trust is set up, the assets transferred into trust will be sheltered from any potential claim after a set number of years.

  • Those who are at the front line and vulnerable to litigation claims
  • Those who are involved in various business deals and who wish to protect assets from the claims of creditors
  • Protects assets against creditor and divorce claims
  • Can help reduce the taxable estate of the settlor

Only in resident state of beneficiaries.

How to proceed

We would welcome the opportunity to assist you with more information:

Contact us for a FREE consultation if you would like to discuss your requirements with one of our consultants in person.
Alternatively, complete our Online Questionnaire and a consultant will contact you directly.
For professional intermediaries and repeat orders, download the relevant Application Form and return by fax or email.