Domestic Self-Settled Trusts



  • Available Until 4/12/2021
  • Next Class Time 1:00 PM ET
  • Duration 60 min.
  • Format MP3 Download
  • Program Code 0118349
  • Activity Code:   213176
  • MCLE Credits 1 hour(s)

Course Price: $75.00


In recent years, many states have begun to allow self-settled spendthrift trusts. These new trusts allow the settlor to obtain the benefits of offshore asset protection trusts without the complexity, cost, and byzantine application of foreign law. A settlor can shield assets from his or her creditors or tort claimants, remove those assets from his or her gross estate, and obtain other tax and nontax benefits. Recent IRS guidance seems to support the tax benefits of these trusts. Though more accessible than offshore trusts, domestic asset protection trusts still come with risk. This program provides you with a practical guide to using self-settled spendthrift trusts and drafting their instruments.

• What are domestic asset protection trusts?
• When are they best used and what are the risks?
• What states allow these trusts and subject to what limits?
• How do domestic trusts and offshore trust compare?
• What are the tax benefits and risks of these trusts?

Speaker: Jonathan E. Gopman is a partner with Akerman LLP in Naples, Florida, and chair of the firm’s trust and estate group. His practice focuses on sophisticated wealth accumulation and preservation planning strategies for entrepreneurs. He is a Fellow of the American College of Tax Counsel and coauthor of the revised version of the BNA Tax Management Portfolio Estate Tax Payments and Liabilities. He is also a commentator on asset protection planning matters for Leimberg Information Services, Inc., and a member of the Society of Trust and Estate Practitioners. Mr. Gopman received his LL.M. from the University of Miami. (Original Broadcast Date: 4/12/18)