South Dakota Domestic Asset Protection Trust (DAPT) Explained

Описание: In this video, I, California estate planning attorney Ryan Casson, break down the fundamentals of South Dakota asset protection planning and explain why some families and business owners use South Dakota trusts (and LLCs) to protect and preserve wealth.

South Dakota has become one of the most favorable jurisdictions in the country for advanced trust planning. Its modern trust statutes allow for powerful planning tools such as the Domestic Asset Protection Trust (DAPT), long-term “dynasty” trusts, strong privacy protections, and flexible trust modification options.

In this overview, I briefly discuss:

• What a South Dakota Domestic Asset Protection Trust (DAPT) is
• How South Dakota law can help shield assets from future creditors
• The potential benefits of long-term dynasty trust planning
• Trust flexibility
• Why South Dakota is often chosen for high-net-worth and business-owner planning
• When this strategy may (and may not) be appropriate

If you are concerned about creditor exposure, lawsuits, protecting real estate or business interests, or building multi-generational wealth, South Dakota asset protection planning may be worth exploring as part of a broader estate plan.

As always, asset protection planning must be proactive, properly structured, and coordinated with your overall estate planning and tax strategy.

If you’re interested in advanced estate planning, asset protection trusts, dynasty trusts, or creditor protection strategies, be sure to subscribe for more content focused on sophisticated planning done correctly. Or visit my law firm website at www.CassonEstateLaw.com.

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