Many advisors assume that domestic asset protection trusts (DAPTs) — self-settled trusts established in the United States typically to protect trust assets from a beneficiary's creditors — are created exclusively for high-risk professionals, such as physicians, who are exposed to potential financial ruin by malpractice judgments in excess of insurance coverage. Not so. Many types of clients can benefit from a DAPT. Some advisors recognize this, but still fail to realize the full potential ...

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