Methods for Building Trust Protection
Methods for building trust protection are the following:
1. Use multiple trusts and different trustees for different assets so that a creditor will have great difficulty in challenging numerous trusts. Multiple trusts provide great flexibility in achieving multiple objectives and beneficiaries.
2. Form a foreign trust (outside of the USA) to discourage litigation and maximize protection.
3. Slowly transfer assets to your trusts using small and staggered transfers that suggest the transfers were not intended to defraud creditors.
4. State within the trust documents that it is intended for estate planning purposes.
5. Include multiple beneficiaries other than yourself because a trust that will only benefit the grantor will not provide effective protection against present or future creditors.
6. Don't self-control your trust or any creditor can make a valid claim against its assets.
PROTECT YOUR ASSETS TODAY!
The best defense is a good offense.