Pros and Cons of Asset Protection Trust

Creating a trust, such as a set revocable living trust, is a common way to protect your family and safeguard your legacy. An asset protection trust (APT) takes it one step further by providing more protection for your beneficiaries. The amount of protection varies depending on the type of asset protection trust you choose and the laws in your state. For those with more assets, a  trust can help protect wealth  from creditors and pass them on to their spouse, children, or other beneficiaries. 

An asset protection trust  is a self-settled trust vehicle