How to protect assets in Utah through Asset protection trust and LLCs
Protecting your assets using a Utah Domestic Asset Protection Trust
One of the best ways to protect your assets from any future creditors is through the Utah Domestic Asset Protection Trust. There are some very specific procedures that need to be followed, but if followed will protect your hard earned assets. Be very sure the attorney you use for this is an experienced estate planning attorney who knows what they are doing with asset protection
Protecting your assets using LLCs
Multi-member Limited Liability Companies are also a good way to protect your assets. However it won't protect your LLC(s) from YOUR creditors. To do that you need both an Asset Protection Trust and LLC(s)
Best way to protect your assets
The best way to protect your assets (especially if you have rental properties or operating businesses) is to combine both an Asset Protection Trust and LLC(s). It is complex for the attorney to set up, but once done, it is simple to administer and protects your assets from your creditors and protects your assets from any of the LLCs' creditors.
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