The Importance of Trusts in Asset Protection -- A Comprehensive New Article Published

The Importance of Trusts in Asset Protection is a comprehensive legal article from the nationally known asset protection attorney Jacob Stein. Published in the Winter 2007 edition of Trusts and Estate Quarterly, the article examines all types of trusts and their use in asset protection planning.

Los Angeles, CA (PRWEB) May 4, 2007 -- Trusts are very frequently used in asset protection planning. Noted asset protection attorney Jacob Stein provides a well-thought out and comprehensive summary of the use of trusts in asset protection, and also how asset protection needs play into trust drafting. According to Mr. Stein, "Not all types of trusts are effective asset protection devices, but a properly drafted and structured trust may be an almost impregnable form of asset protection."

The article covers revocable and irrevocable trusts, spendthrift clauses, discretionary trusts, dynasty trusts, self-settled trusts, domestic asset protection trusts and foreign asset protection trusts. Specific trusts discussed include living trusts, personal residence trusts and offshore asset protection trusts.

Issues covered by the article include trustee selection, choice of discretionary powers, protecting settlers and beneficiaries and choice of governing jurisdiction.

Foreign asset protection trusts are extensively covered by the article, including a discussion of recent case law and the viability of this commonly used planning technique.

The article draws on legal rulings and Mr. Stein's extensive practical experience in asset protection to logically and clearly demonstrate how to make trusts effective asset protection devices.

A copy of the article may be downloaded in pdf format from: http://www.maximumassetprotection.com/publications/

A word about Jacob Stein: Over the course of his career, asset protection attorney Jacob Stein has represented hundreds of clients pursued by creditors and plaintiff's attorneys, including officers and directors of public companies, real estate builders and developers, physicians and business owners. He is the author of numerous legal articles on asset protection and teaches over 20 seminars a year on this subject.

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