{"id":47352,"date":"2023-01-06T15:57:32","date_gmt":"2023-01-06T20:57:32","guid":{"rendered":"https:\/\/www.escapeartist.com\/?p=47352"},"modified":"2023-01-06T16:20:12","modified_gmt":"2023-01-06T21:20:12","slug":"differences-between-a-domestic-and-foreign-asset-protection-trust","status":"publish","type":"post","link":"https:\/\/www.escapeartist.com\/blog\/differences-between-a-domestic-and-foreign-asset-protection-trust\/","title":{"rendered":"Differences Between a Domestic and Foreign Asset Protection Trust"},"content":{"rendered":"

Offshore Trusts Offer More Freedom<\/h1>\n

The main advantage of an \u201coffshore\u201d <\/a>or foreign trust is that it removes you from the U.S. court system. Just as you diversify investments, you can diversify jurisdictions for your asset protection plan.<\/a><\/p>\n

The single biggest difference in comparing offshore and domestic asset protection trusts, and quite possibly the most important, is that all domestic asset protection trusts are necessarily governed by US law. This means that a domestic trust does not fully separate your assets from the US legal system.\u00a0 Thus, DAPTs come with legal vulnerabilities that are not found in offshore planning tools.<\/p>\n

\"Invest<\/p>\n

Let’s examine some of the differences:<\/p>\n

Cost<\/strong><\/h3>\n

As you might imagine, a major factor in determining whether to use a domestic or foreign asset protection trust is the price tag.<\/p>\n

Of course, there is no way to give a precise figure here. There are many factors that affect the cost of an asset protection trust, and the only way to get a firm estimate is to consult with one of our attorneys and talk the situation over thoroughly.<\/p>\n

Still, here are some of the factors that impact the cost.<\/p>\n