What would happen if you lost your job or became bankrupt and your debt became unmanageable? Would you or your family lose everything? It’s not a very bright prospect to think about, but by addressing this now, you can have peace of mind that if something did happen, you and your family would be able to retain the same property, possessions and lifestyle. 

This is the value of asset protection and an asset protection trust (APT) is the trust vehicle that holds an individual’s assets. The strategy here is to protect assets from creditors lawsuits and judgements against your estate. There are different types of APTs, such as irrevocable and revocable trusts which afford different levels of protection, tax benefits and flexibility.