The best structure for a domestic asset protection plan is generally to use liability protected entities in combination with domestic asset protection trust. I like to think of it as a modular plan, where you have the domestic asset protection trust, of which the client is the beneficiary, and the domestic asset protection trust then owns the member, or partner, interest in the liability protected entity. I'm Jeff Matsen and I'm the founding and managing partner of Wealth Strategies Counsel. We help people preserve, protect and transfer their legacy to the next generation in the most cost saving and efficient manner possible.
