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Asset Protection Trust Tag

Cohen Law > Posts tagged "Asset Protection Trust"

What is an Asset Protection Trust?

Asset Protection Trust

You’ve started to amass considerable wealth and you have no idea how to protect it from creditors or potential legal actions where you might be rendered liable. That’s when an asset protection trust (APT) comes into play. Asset protection is the group of strategies implemented to safeguard a person’s or a corporation’s wealth. It limits potential creditor’s access to valuable properties within the debtor-creditor law.This means that it isolates assets without having to resort to illegal practices. Also Read: Hashtags and Trademarks An asset protection trust is one of these strategies that both businesses and individuals can use to shield valuable properties from creditors....

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