Domestic Asset Protection Trust Information

Domestic Asset
Protection Trust

Protect Assets, Lower Taxes & Remain Private

Domestic Trust Benefits Include...

ASSET PROTECTION

Creditors cannot take what you do not own.

CONTROL

Trusts separate control from ownership. You retain full control of the trust.

TAX SAVINGS

Savings frequently exceed formation costs.

ESTATE PLANNING

Properly plan for your children, family and favorite organizations.

SIMPLICITY

Everything is handled online and via courier. There's no need to travel.

PRIVACY

All ownership is anonymous. People only know what you tell them.

Why a Trust?

Most will never experience a home fire, but they maintain fire insurance for the peace of mind. More likely than a home fire is a personal credit event. Why experience one, unprotected, and be left praying against the worst case outcome?


Trusts are formed to protect assets, minimize taxes and protect your identity. They may also be used for charitable giving and to ensure your loved ones are properly taken care of. Proper planning is often put off until it's too late. This is unfortunate as an ounce of prevention is worth a pound of cure.

Why Use a Trust?


  • Protect Assets from Creditors
  • Reduce Income, Estate & Other Taxes
  • Efficiently Distribute Assets to Heirs
  • Asset Protection During Your Lifetime
  • Asset Protection For Your Heirs

DAPT Characteristics


  • Self-Settled Trusts Are Allowed
  • Credit Protection Begins Immediately
  • Anonymous Ownership
  • Perpetual & Multi-Generational Trusts
  • Decanting Statutes & Trust Protector

DAPT Requirements


  • There Must Be At Least One Beneficiary
  • You May Be A Beneficiary
  • There Must Be A Trusteee
  • Private Trust Companies Allowed
  • A Family Office Must Be Maintained

Frequently Asked Questions

What Property Can be Protected?

You may place any assets you like into a trust. You may even transfer a mortgaged home. You won't receive protection from the existing loan, but the home will be safe from future creditors. In short, the trust may be used to protect any assets you like. However, here are three things the trust cannot be used to protect against: court ordered child support, assets listed on credit applications, and fraudulently transferred assets.

What is a Self-Settled Trust?

A trust you form for yourself is called a self-settled trust. Previously, such trusts were solely the domain of offshore jurisdictions before Alaska modified its laws in 1997. Over a dozen states have since followed suite. This brings us to our next question.

Are There Any Residency or Travel Requirements?

The trust law governing your assets is determined by where the trust is formed, not where you live or the assets reside. You do not have to live in any of the thirteen states which allow DAPTs, nor must you be a U.S. citizen or resident. You are not required to travel either. Everything can be handled online and via courier.

Is Anonymity Important?

We believe so. The purpose of privacy is to protect yourself from those who wish you harm. Fortune hunters, needy family and nosy neighbors will not be able to find your assets with an internet search, nor through digging elsewhere.


Lowering your profile makes you less of a target. It also raises costs for a creditor to begin discovering assets. What it does not do, however, is enable you to avoid taxes. The purpose of anonymity is to avoid creditors, not the long arm of the law.

How do I Choose A Trustee?

There are private and public trustee options available. Which you choose depends on your family situation. A private trust company offers privacy and flexibility. What it does not insulate a trustee from however is family pressures. In such cases choosing a public trust company may be the best option.

How Can I Save On Taxes?

You may save both estate and income taxes. Estate taxes can be avoided through appropriate gifting and revaluation strategies. Income taxes can be significantly reduced via principal and income allocations, shifting income to lower-tax jurisdictions, closely held insurance companies and other techniques.

How Can I Save On Insurance?

You may lower umbrella insurance premiums by holding significant assets in trust. Placing the assets outside the reach of creditors means insuring those assets is no longer necessary. This simultaneously protects assets while lowering insurance premiums. The potential yearly savings can easily exceed the trust's formation costs.

Why a Wyoming Trust?

Several states actively compete to be the most favorable jurisdiction for creating and relocating trusts. Top situs jurisdictions tend to extend or remove the rule against perpetuities, have no state taxes, allow special purpoe or self-settled trusts, and allow easy modification and reformation of trust documents.

Wyoming provides 1,000 year dynasty trusts, simplified reformation, migration and modification procedures, nation leading LLC laws, and the ability to create an asset protection trust for yourself. There are no income or capital gains taxes on trust assets, and no taxes on personal or corportae income, gifts, out of state retirement income, intangibles etc.

To benefit from these laws a trust must establish its situs in Wyoming. The easiest method is setting up a Wyoming private trust company which to act as the Wyoming trustee. The principal place of business and administration thus occurrs in state and establishes the requisite contacts.




SERVICES & PRICES

Asset Protection Trust

$3,000

Private Trust Company

$3,000

Trust & Trust Company

$5,000

Advanced Estate Planning

Contact for Pricing