Selecting a Trust Protector
Alexander A. Bove, Jr. discusses the three main varities of trust protector and what they each have to offer
Exposing the Trust Protector
There’s little question about the newfound popularity of trust protectors, which they’re undoubtedly enjoying. And why not? They’re entitled to a fee for “services,” even when none are required, and it’s common practice to absolve them from any liability for acting or not acting, regardless of the circumstances.
Fraudulent Transfer Claims
The first bankruptcy case involving an Alaska asset protection trust (APT), In re Mortensen,1 has been decided. This case (we'll refer to it as Mortensen
Offshore Asset Protection Trusts
The death of the offshore asset protection trust has, by some, been greatly exaggerated.1 In recent years, attacks on a few such trusts under extreme
Rich People's Toys
Want to know what it's like to be rich? Why do you? Would it make you feel better to read about people with so much money that they have lost all touch
Justice in Hawaii?
Sometimes we like to see the bad guys win for a while who wasn't rooting in a way for Tony Soprano? But we always feel better when the good guys emerge
Know Your Stuff
As the change in the mobility of clients and their assets over the past 30, even 20 years is truly astounding. While it once was unusual for the average
The Swiss Annuity
Asset protection planning is a moving target. Practitioners must constantly be aware of case developments and changes in the law, which must be reflected
The No-Tax Dynasty Trust
Virtually all of us in the estate-planning community regularly use life insurance trusts and dynasty trusts to achieve huge estate tax savings. And these
Letters of Wishes
Upon accepting a trust, a trustee may be given a non-binding letter of wishes by the settlor.1 Such statements are designed to offer trustees of discretionary
Trust Protectors
Although trusts are, according to many theories, hundreds of years old, their provisions have changed more in the past 30 years than in the previous 300
Rise of the Purpose Trust
Most estate planners know the three basic elements of a trust: a trustee, a corpus, and one or more beneficiaries. Many commentators regard the presence
Drafting Offshore Trusts
About 15 years ago, offshore asset protection trusts were a somewhat exotic product, offered by only a handful of attorneys in the United States. One