Offshore Asset Protection Trust

Because malpractice and liability insurance costs are so high -- and lawsuits so common -- some people have turned to offshore asset protection trusts as a way to protect their assets and still keep control. (Recently, several states including Alaska, Delaware and Utah have changed their laws and now allow similar trusts here in the U.S. These trusts, called domestic asset protection trusts, operate differently from the offshore trusts described here.)

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