Asset preservation is an essential part of estate planning. In fact, over the years, planners have utilized various methods to help clients protect their assets from potential creditors and preserve their wealth. Domestic Asset Protections Trusts (DAPTs) are one such tool. In common law jurisdictions such as New Jersey, a client cannot establish a self-settled trust. However, some states do recognize DAPTs and provide a way for clients to accomplish their estate planning goals, which include obtaining tax benefits and asset protection.

DAPTs are not without their pitfalls and hazards, both for the attorney and client, and should only be undertaken after careful weight is given to their advantages, disadvantages and suitability for a client’s circumstances and long term goals. Register today to hear leading trust practitioners discuss how best to use DAPTs, as well as, the inside information you need to know.

Learn how to plan with Domestic Asset Protection Trusts (DAPTs), including:
• The Uses and Benefits of DAPTs. Does your client need one?
• Differences among the states that allow DAPTs
• Using DAPTs with New Jersey Clients (or clients from states that don’t recognize DAPTs)
• Fraudulent transfers and DAPTs - how to avoid them
• The Bankruptcy Reform Act and DAPTs
• How creditors can attack a DAPT and how to counter their challenges
• Ethical Concerns for Attorneys Counseling and Drafting DAPTs
• How DAPTs are treated in the federal courts and by the IRS
• State and Federal Tax Considerations
• Drafting and Structuring the DAPT
         … and more!