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Tag Archives: spendthrift trust
Importance of Trusts in Estate Planning & Asset Protection
A trust beneficiary possesses an equitable interest, but not legal ownership, in trust property. Creditors of a trust beneficiary therefore cannot generally assert claims at law against the beneficiary’s equitable interest in trust assets. However, under common law, a settlor … Continue reading
DOMESTIC ASSET PROTECTION TRUSTS
DOMESTIC ASSET PROTECTION TRUSTS
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