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2022 Domestic Self-Settled Trusts, 9/12/2022 12:00:00 AM CDT, Self-Study More info »
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Advanced CLE

2022 Domestic Self-Settled Trusts

Total Credits: 1.2 MCLE, 0.0 Kansas Credit



In recent years, many states have begun to allow self-settled spendthrift trusts. These new trusts allow the settlor to obtain the benefits of offshore asset protection trusts without the complexity, cost, and byzantine application of foreign law. A settlor can shield assets from his or her creditors or tort claimants, remove those assets from his or her gross estate, and obtain other tax and non-tax benefits.Though more accessible than offshore trusts, domestic asset protection trusts still come with risk. This program will provide you with a practical guide to using self-settled spendthrift trusts and drafting their instruments.

•    What are domestic asset protection trusts?
•    When are they best used and what are the risks?
•    What states allow these trusts and subject to what limits?
•    How do domestic trusts and offshore trust compare?
•    What are the tax benefits and risks of thee trusts?


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