Dear Clients, Colleagues, and Friends,
Thanks to an Alaskan Supreme Court ruling made on March 2, 2018, it’s become clear that if you are not a resident of the state under which you establish a domestic asset protection trust (DAPT), the DAPT won’t protect your assets from lawsuit and thus, may not be worth the paper it is written on. The following article, which was chosen by Kiplinger for its online Wealth Creation column, will provide you with insights to this ruling and solutions to consider. The Kiplinger article can be found here.
Jeffrey M. Verdon, Esq.
For more information about any of the information discussed in the Client Alert, or any other income or estate tax planning or asset protection planning assistance, please contact the: Jeffrey M. Verdon Law Group, LLP at jeff@jmvlaw.com or 949-333-8152.
NOTE: This newsletter is a publication of Jeffrey M. Verdon Law Group, LLP and is intended to provide information on recent legal developments. This report does not create an attorney-client relationship nor should it be construed as legal advice or an opinion on specific situations. If you do not wish to receive future law updates and alerts, please send a reply email to susan@jmvlaw.com asking to be removed from the mailing list.