Asset Protection Trusts & The Attorney Client Privilege

For over 20 years, lawyers from around the country have been implementing foreign and domestic asset protection trusts (APTs) for their clients in an effort to create “firewalls” surrounding their assets to combat the explosion of lawsuits in the United States, especially during the Great Recession. While the comparison of foreign and domestic APTs is beyond the scope of this article, in the author’s law practice, he has observed an alarming trend in the nature of how these trusts are being drafted for […]

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