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What is an asset protection trust?DESCRIPTION
What is an asset protection trust? Wednesday, 6 November 2013. What is a Universal Wealth Preservation Trust WPT. The Wealth Preservation Trust WPT is a life interest trust. When you protect your assets with a WPT you grant yourself a life interest in the trust and the settlor is known as the principle beneficiary. After your death, the WPT becomes a discretionary trust and as such those assets are held on trust for your chosen beneficiaries through a letter of wishes. Subscribe to Posts Atom.CONTENT
This web page universalwealthpreservation.blogspot.com states the following, "What is an asset protection trust? Wednesday, 6 November 2013." We saw that the webpage said " What is a Universal Wealth Preservation Trust WPT." It also said " The Wealth Preservation Trust WPT is a life interest trust. When you protect your assets with a WPT you grant yourself a life interest in the trust and the settlor is known as the principle beneficiary. After your death, the WPT becomes a discretionary trust and as such those assets are held on trust for your chosen beneficiaries through a letter of wishes."