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Overview of Corporations
Limited Liability Companies
Limited Liability Partnerships
Family Limited Partnerships
Irrevocable & Revocable Trusts
Equity Stripping

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Irrevocable and Revocable Trusts

Some trusts may provide shelter for your assets—but unfortunately—most will not. For generations, America's wealthiest families relied upon various trust formats to protect their wealth. Today, families from every economic status use trusts for a range of purposes and Asset Protection is one of the key objectives.

A trust is created by a person (called a settler or grantor, and the terms are interchangeable) who funds or gives assets to the trust. As the trust creator, the grantor establishes the terms under which the donated assets shall be managed and distributed. The grantor names one or more trustees, and the trustee may be the grantor. The grantor designates the beneficiaries who are to benefit from the trust and receive its principal and any income derived there-from. Certain trusts allow the grantor to be both the trustee and the beneficiary, which is extremely common in a living trust.

Frequently asked questions about trusts that we cover in this section include:

1) Which trusts can protect my assets from my creditors?
2) Which trusts can protect assets that I bequeath to my beneficiaries from their creditors?
3) How can I improve my trust protection?
4) How much Asset Protection can I achieve from the different trusts?


The best defense is a good offense.