What Is an Asset Protection Trust?

An asset protection trust (APT) is a legal arrangement designed to hold assets on behalf of a designated beneficiary while shielding those assets from creditors or lawsuits. These trusts typically involve three key parties: the Grantor, who creates the trust; the Trustee, who manages the trust; and one or more beneficiaries, who receive the benefits of the trust. APTs are especially beneficial for individuals who wish to protect their wealth from potential legal claims or financial risks. The defining feature of an asset protection trust is the high degree of protection it offers. Once assets are placed in an APT, they are no longer owned outright by the Grantor, which makes them difficult for creditors to access. In addition to providing asset protection, these trusts can also address long-term estate planning goals, such as preserving wealth for future generations or qualifying for Medicaid benefits.

There's a lot that goes into setting up a comprehensive estate plan, but with our FREE worksheet, you'll be one step closer to getting yourself and your family on the path to a secure and happy future.

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