How Trusts Can Be Used to Protect LLCs From Creditors
Summary
Combining limited liability companies (LLCs) with domestic asset protection trusts (DAPTs) can enhance asset protection strategies. While LLCs shield owners from internal liabilities, they remain vulnerable to external personal lawsuits targeting LLC assets. Integrating a DAPT allows the transfer of LLC ownership into a trust, safeguarding the LLC from creditors pursuing personal claims against the owner. This strategy requires careful planning to ensure compliance with legal requirements and protect assets effectively from potential creditors.
Kiplinger
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