(561) 392-1800

Foreign Asset Protection Trusts

A Foreign Asset Protection Trust (FAPT) is structured similarly to a DAPT, however, it is created under the laws of a non-domestic jurisdiction. The Trustee will be located in the foreign jurisdiction. The attractiveness of using a FAPT for asset protection purposes is that a foreign jurisdiction that recognizes self-settled trusts would not honor a judgment from a United States court.

In addition, a client with a FAPT is an extremely unattractive target for a lawsuit because a creditor would need to litigate its claim against the foreign Trustee and pursue a collection action in that foreign nation. The creditor would need an attorney that practices in such foreign jurisdiction and the litigation cost could be prohibitive in many instances.

2500 North Military Trail, Suite 312
Boca Raton, Florida   33431
Phone: (561) 392-1800

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2500 North Military Trail, Ste. 312 Boca Raton, Florida   33431 Phone: 561-392-1800 Google+