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  2. Trust (law) - Wikipedia

    en.wikipedia.org/wiki/Trust_(law)

    Asset-protection trust: The concept of an asset-protection trust encompasses any form of trust that provides for funds to be held on a discretionary basis. Such trusts are set up in an attempt to avoid or mitigate the effects of taxation, divorce and bankruptcy on the beneficiary. Such trusts may be proscribed or limited in their effect by ...

  3. Asset-protection trust - Wikipedia

    en.wikipedia.org/wiki/Asset-protection_trust

    t. e. In trust law, an asset-protection trust is any form of trust which provides for funds to be held on a discretionary basis. Such trusts are set up in an attempt to avoid or mitigate the effects of taxation, divorce and bankruptcy on the beneficiary. Such trusts are therefore frequently proscribed or limited in their effects by governments ...

  4. United States trust law - Wikipedia

    en.wikipedia.org/wiki/United_States_trust_law

    Wills, trustsand estates. United States trust law is the body of law that regulates the legal instrument for holding wealth known as a trust . Most of the law regulating the creation and administration of trusts in the United States is now statutory at the state level. In August 2004, the National Conference of Commissioners on Uniform State ...

  5. Trust Fund vs. Will: Which Is More Essential For Estate ... - AOL

    www.aol.com/trust-fund-vs-more-essential...

    A trust fund might benefit those looking to avoid probate, control assets, or protect assets from creditors. Also, it could be suitable for those needing more complex arrangements, like staggered ...

  6. Understanding Different Types of Trust Funds and How ... - AOL

    www.aol.com/understanding-different-types-trust...

    Insurance trust: In this kind of irrevocable trust, a life insurance policy is an asset. The trustee becomes the holder of the policy and upon the trustor’s death, pays all necessary taxes on ...

  7. What Is an Asset Protection Trust? - AOL

    www.aol.com/asset-protection-trust-000010057.html

    An asset protection trust protects your assets from creditors and lawsuits. These are typically irrevocable trusts, meaning once they’re established, you’ll no longer have control of the ...

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