Introduction

When working with closely held business owners and affluent clients, planners focus on strategies that

 

• Enhance the accumulation of wealth,
• Maximize the benefits of wealth for family and other important beneficiaries, and
• Preserve key assets and overall wealth from unnecessary liability exposures.

 

Tax management is one aspect of wealth preservation.  Portfolio diversification is another.  Clients also buy liability insurance and create multiple business entities to manage other potential exposures.

 

One special tool for managing liability exposures is an asset protection trust (APT).    An APT is created by an individual grantor to prevent the assets contributed to it from being reached by the grantor’s creditors.

 

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