The most common use of trusts is for estate planning. Since asset protection
planners know that asset protection works best when coupled with other
legitimate purposes, using a trust to achieve both asset protection and
estate planning results in a more formidable overall barrier against creditor
threats, while efficiently meeting multiple objectives with a single strategy.
It is not our objective to exhaustively review all estate planning trusts
and how they will be treated in every situation. But we can identify the
major trust strategies available and what benefits and possible drawbacks
each one generally provides. A competent estate planner should then be
contacted in order to make a final determination as to a strategy’s
viability for an individual’s particular circumstances.