Who manages or administers the trust and the trust funds?

Frequently Asked Questions

		What is a Trust?

		What is the purpose of an Asset Protection Trust?

		Do we want a Foreign or Domestic Trust?

		What is a Domestic Asset Protection Trust?

		What is a Foreign Asset Protection Trust?

		Are my life long accumulated assets susceptible to creditor attack?

		How does an Asset Protection Trust operate?

		Who manages or administers the trust and the trust funds?

		Does an Asset Protection Plan make sense for me?

Who manages or administers the trust and the trust funds?
Typically, the Settlor appoints a Trustee who manages and administers the Trust assets. The Settlor (in a Letter of Wishes) and in the trust document itself, outlines exactly how the trust operates. When naming a Trustee, the Settlor wants to make sure that the Trustee will act in accordance with the Trust objectives and adhere to the outlined provisions. Typically a professional Trustee is used who is bonded or part of a larger organization such as a Trust Company, Bank or International Investment Organization. A Private Trustee may also be used.

Do you want to go offshore?
There has been a lot of publicity about Offshore Corporations and Foreign Asset Protection Trusts. We've put together a basic overview to help you decide if it may be the right move for you.

Asset Protection Planning

Whether your net worth places you in the wealthy, or simply comfortable categories, the fact is that you own valuable property that you want to keep. For that reason, it is well worth your time to meet with a qualified attorney to discuss protecting your assets.

Not surprisingly, since everyone has different assets, there is no panacea, no "one size fits all" protection plan that will adequately safeguard your property from creditors.