A newer solution is to create a self-settled asset protection trust. After a short period of time, assets in these trusts are untouchable by creditors.

Seventeen states now allow these trusts.

Another possibility is to use an offshore trust, since U.S. courts do not have jurisdiction over them in most cases.

A wills and trusts attorney can advise you on protecting your assets with a plan that fits your unique circumstances

Philip J. Kavesh
Nationally recognized attorney helping clients with customized estate planning guidance for over 40 years.
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