The effectiveness of the so-called 'spendthrift trust' in protecting an individual's beneficial trust interest from.
With the addition of Section 12-1006(c) to the Illinois Code of Civil Procedure, the legislature created a .
For the client who needs to protect assets, estate planning may include the use of asset protection trusts (such as foreign-situs trusts) that will put assets safely out of reach. Although there are potentially many reasons to use such vehicles, their use is not for everyone; many factors must first be considered. This article explores the world of the "Integrated Estate Planning Trust," discusses why and when it is used and offers a model planning structure.
This article reviews the state of asset protection law and provides tips on how to avoid some of the mistakes others have made in the past.