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.
Our expertise includes infusing protective provisions in revocable trusts for secondary beneficiaries and designing irrevocable trusts for settlors and primary beneficiaries, ensuring that control and access are managed to provide the desired level of protection. Whether you’re interested in leveraging more favorable laws through offshore trusts or seeking domestic solutions, our team is equipped to offer guidance and implement strategies that align with your goals.