When Should You Consider A Delaware Asset Protection Trust?

    Many people are concerned about the rise in litigation in our society and recognize that sound planning often involves some aspect of asset protection. Delaware is one of a select group of states that recognizes domestic asset protection trusts as a tool in the quest for effective asset protection.

    Candidates for Delaware Asset Protection Trusts vary and may include professionals who are exposed to litigation risk, entrepreneurs and business owners. Individuals may also establish a Delaware Asset Protection Trust in connection with marital and pre-immigration planning, or to protect an inheritance from future creditors. A Delaware Asset Protection Trust is not appropriate for anyone who wants to avoid the claims of current creditors.