Trusts come in a wide variety of designs. The design of a trust for protection of wealth may differ in many respects from a trust designed for estate planning. Accomplishing the protection desired will entail the removal of direct control and access. Another definition, which carries further hints of offshore implications, states that asset protection is the use of a more favorable system of laws (offshore) against a less favorable and confiscatory system (domestic), a legal arbitrage of sorts.
- Infusion of protective trust provisions in revocable trusts to protect secondary remainder beneficiaries.
- Design and implementation of irrevocable trusts to protect settlors and primary beneficiaries.