A state’s enactment of a DAPT law should be regarded as the state legislature’s expression per se “actual intent” under the UVTA not be imputed in any form of asset protection planning. While this is an incredibly broad inference, it reflects the reality that DAPTs do not exist in a vacuum.
When Is An “Offshore” Asset Protection Plan Not Really Offshore?
There are three basic elements of a true “offshore” asset protection plan: (i) the legal structure (trust or business entity) must be formed outside the U.S. in a safe jurisdiction; (ii) the assets have been successfully migrated to the offshore legal structure; and (iii) legal control of the structure must be vested in persons or trustees who are not subject to U.S. jurisdiction.
The Swiss Hybrid Trust: A Primer
The Swiss Hybrid Trust constitutes an asset protection vehicle unattainable in any one jurisdiction alone.
Announcing the New SpeiserLaw.com Website
The Speiser Law Firm, P.A. is pleased to announce that its new website is available for public viewing at https://speiserlaw.com.