Here’s How You Can Protect Your Home in a Lawsuit

Photo by Rocketclips, Inc. from Shutterstock

4. Think About a Domestic Asset Protection Trust 

A domestic asset protection trust, also known as DAPT is another safe method to protect one of your most valuable assets, your home. It is actually a self-settled trust, and having it can be really useful for you as a homeowner. However, not all states have adopted this law. This means you should check your state first.

Only 17 states welcome a domestic asset protection trust and there are certain variations in protections from state to state. For example, some states allow DAPT funds only when it comes to child support and alimony.

PREV1 ... 4 5 6NEXT

Leave a Comment

Your email address will not be published. Required fields are marked *

related posts
from our network