asset protection trusts

An asset protection trust is a legal arrangement designed to safeguard your assets from creditors or legal claims. You transfer your assets into the trust, which is managed by an independent trustee. Once your assets are in the trust, they generally cannot be claimed by creditors, provided the trust is set up properly and not for fraudulent purposes. This structure helps protect wealth while allowing you to retain some control and access to the assets, often used as part of a comprehensive estate and financial plan.