ESTATE & SUCCESSION PLANNING CORNER
Tax & Accounting US, CCH Research & Learning Wolters Kluwer
Creating Creditor Protection Trusts Must Extend Beyond The Spendthrift Provision
In discussing the creditor protection of trusts, practitioners almost always focus first on whether the trust has a spendthrift provision and the protections afforded by the spendthrift provision. In our opinion, this is much like focusing on whether your car has a “Police Up Ahead Alerter” when in fact your car cannot go greater than 30 mph.
Read entire article here.