#395 Asset Protection Level 3 - Retirement Accounts and More!
Main Street Business
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The Domestic Asset Protection Trust
The dapt is a domestic asset protection trust. These types of trusts are protected from creditors, very different than your regular revocable living trust that were in tod state planning. So if you get in a lawsuit situation, i remember we had a client once in nevada with a 600 thousand dollar judgment against em and their bank accounts at wells fargo were owned by their dapt. And so til hiving, that was a neat day.
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