The Use of Asset Protection Trusts for Tax Planning Purposes

This document is a summary of the relevant issues to consider when drafting a Delaware asset protection trust under the Qualified Dispositions in Trust Act, 12 Del. C. § 3570, et. seq., (the “Act”). Included are the requirements for creating a trust (a Delaware asset protection Trust) under the Act, prohibited powers which the grantor may not retain under the Act, permissible powers which the grantor may retain under the Act and who may defeat a Delaware asset protection trust.

Author(s)

Mike Gordon
Director
Gordon, Fournaris & Mammarella, P.A.