Domestic Asset Protection Trusts for Estate Planning
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The following examines the uses for the Domestic Asset Protection Trust in estate planning. While these trusts are commonly used for asset protection from creditors, they have a pretty amazing use for estate planning purposes as well. If you'd like these slides with accompanying audio, please email me at wardwilsey@wilseylaw.com
![Using a Domestic Asset Protection Trust for Estate Planning By Ward J. Wilsey, JD, LLM www.wilseylaw.com [email_address]](https://image.slidesharecdn.com/domestic-asset-protection-trusts-for-estate-planning-1203627108390674-5/85/Domestic-Asset-Protection-Trusts-for-Estate-Planning-1-320.jpg)
![The Domestic Asset Protection Trust ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
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Domestic Asset Protection Trusts for Estate Planning
- 1. Using a Domestic Asset Protection Trust for Estate Planning By Ward J. Wilsey, JD, LLM www.wilseylaw.com [email_address]
- 15. Gifting using DAPT 1. Client has assets worth $1,500,000 2. Client forms Family Limited Liability Company with $1,500,000, runs FLLC as manager 3. Client gifts membership interests into DAPT, gets 33% discount, uses $1,000,000 exemption 4. Client is beneficiary of DAPT, can receive distributions at Trustee’s discretion Family LLC DAPT
- 19. Questions??? Please direct all questions via email to [email_address]