2024年1月31日 · What Is a Self-Settled Asset Protection Trust? A self-settled asset protection trust is a complex trust used to shield assets from future creditors. This type of trust is also known as a "domestic asset protection trust."

Self-settled trust (also called a spendthrift trust ) is a type of trust allowed in a small number of states where a person that creates the trust is also the beneficiary of the trust.

A self-settled spendthrift trust is an irrevocable trust in which the settlor is a beneficiary and the settlor’s creditors generally can’t reach the trust property.

2024年2月29日 · A Domestic Asset Protection Trust (DAPT) is a type of self-settled spendthrift trust established in the United States that protects an individual's assets from potential creditors or lawsuits.

2023年12月27日 · Self-settled trusts, often referred to as asset protection trusts, are a type of trust where the grantor (the person creating the trust) is also a discretionary beneficiary.

2024年5月21日 · Almost 20 U.S. states now permit a person to set up an irrevocable trust that names themself as beneficiary even while the trust maker is alive, a type of irrevocable trust known as a domestic...

2017年2月9日 · One strategy growing in popularity is the “self-settled” trust for asset protection. Under traditional trust law, a grantor conveys assets to a trustee, for the benefit of someone else,...

2017年8月24日 · A domestic asset-protection trust (DAPT) is an irrevocable self-settled trust in which the grantor is designated a permissible beneficiary and allowed access to the funds in the trust...

A self-settled trust, or you might have heard it called a domestic asset protection trust (DAPT), is a type of irrevocable trust. It’s typically created by someone for their own benefit.

Self-settled trusts, also known as spendthrift trusts, are a specialized trust type permitted in select states. These trusts allow the person creating the trust (the grantor) to also be a primary beneficiary.