The asset protection trust has been a planning tool for wealthy individuals for years. However, those looking to get started in asset protection should explore simple asset protection structures first.
One of the most simple methods for asset protection is using cash value life insurance.
Cash value life insurance (indexed universal Life or whole life) typically carries with it an exemption from creditors on the cash growth component. This detail varies state by state and some states include protection from bankruptcy.
Offshore asset protection trust structures can be costly and onshore asset protection trust structures typically require that you be at arms length from your cash. (limiting your access).
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