An asset protection trust (APT) is an irrevocable trust designed to secure assets against creditors, lawsuits, and other financial risks. APT assets are managed by a corporate trustee like Altruist^™.

Importantly, and unique to asset protection trusts, grantors can also be a trust beneficiary, receiving distributions from the trust. Asset protection trusts are beneficial for business owners as they shield business assets as they are no longer considered property of the trust grantor.

An asset protection trust can hold a variety of assets, depending on your wealth, risk tolerance, and the trust’s objectives. Common assets placed in APTs include financial holdings like stocks, bonds, bank accounts, and business ownership interests, as well as cash. Real estate, such as residential, vacation, and commercial properties, is also frequently transferred into APTs. Additionally, APTs can safeguard other valuable assets, including your intellectual property, life insurance policies, and art or antique collections. Altruist^™ has extensive knowledge and experience in managing these unique assets held in asset protection and other types of trusts.

When creating any type of APT, it’s crucial to seek guidance from a qualified attorney, as there are many aspects and intricacies to take into account when deciding if an asset protection trust is right for you.

At Altruist^™, our experienced trust managers will work closely with you and your attorney to develop and manage a customized asset protection trust tailored to your specific needs, and achieves your desired wishes for your estate.