Washington DC Asset Protection Lawyer

An asset protection trust is an irrevocable trusts that can protect your assets from creditors, lawsuits, divorce, long-term care costs or family indiscretions. Unlike your revocable living trust, an asset protection trust can protect your assets during your life time as well as after your death

Generally, because the trust is irrevocable, you cannot modify, amend, or terminate an asset protection trust yourself.  If the trust is properly drafted, however, others you appoint may able to do this for you. Accordingly, even though the trust is irrevocable, you can maintain substantial control over the trust assets.