Do you have home or car insurance? Then consider insuring against bankruptcy, divorce and aggressive creditors. Domestic Asset Protection Trusts are the onshore equivalents of offshore tax structures, but with less scrutiny and lower costs. DAPTs take advantage of Wyoming trust laws and everyone has the right to form a trust REGARDLESS of where you live.
Think of DAPTs as containers into which you place your assets. There's a lid and it may only be opened according to rules which you write. This legal structure affords protects assets from aggressive creditors and are available in all 50 states. Our debtor friendly state laws can benefit everbody.
Medicaid planning arises via the facts end-of-life and long-term health care is often unreasonably expensive. This fact holds even for middle class families. Medicaid provides assistance for those who qualify. The assistance is means-based and differs by state, but frequently income and assets are the determiners. Medicaid Planning consists of strategies which make assets legally inaccessible. Follow this link for further information on Medicaid Planning strategies.
Asset protection is legal planning to protect against civil judgements. Creditor rights vary state-to-sate and Wyoming has enshrined a number of debtor friendly laws. This planning can assist individuals and businesses who are unfairly pursued by overzealous creditors. As proud members of the Domestic Asset Protection Counsel we are happy to walk you through the process.