An asset-protection trust is a term which covers a wide spectrum of legal structures. Any form of trust which provides for funds to be held on a discretionary basis falls within the category. Such trusts are set up in an attempt to avoid or mitigate the effects of taxation, divorce and bankruptcy on the beneficiary. Such trusts are therefore frequently proscribed or limited in their effects by governments and the courts.
Read more about Asset-protection Trust: History of Trusts, Overview, Domestic Asset Protection Trust, Offshore Jurisdictions, Challenges, Taxation
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—Henry David Thoreau (1817–1862)