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.

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2500 North Military Trail, Suite 460
Boca Raton, Florida   33431
Phone: 561-392-1800

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2500 North Military Trail, Ste. 460 Boca Raton, Florida   33431 Phone: 561-392-1800 Directions