Learn More About Top Asset Protection Law Firms

Asset protection in a legal scope typically comes in the form of a trust, commonly termed an asset protection trust or self settled trust. Asset protection trusts are created to protect an individual's assets from claims of future creditors. In such trusts, the individual who receives the benefits from the trust is called the settlor. In the case with many states, such trusts fail to fully protect trust assets from the settlor's creditors.