What is a Delaware Asset Protection Trust?

      A Delaware Asset protection Trust is an irrevocable, self-settled spendthrift trust designed to provide the grantor with protection from the claims of future creditors. Unlike other types of spendthrift trusts, the grantor is permitted to retain a beneficial interest in the trust. A Delaware Asset Protection Trust must be established in accordance with the Delaware Qualified Dispositions in Trust Act and is subject to certain requirements and limitations.