Category Archives: Asset Protection Trusts
The Utah Asset Protection Trust: Should it hold a Residence?
Can a Utah asset protection trust (UAPT) hold a personal residence or a vacation home? Yes. The Utah asset protection trust statute (Utah Code §25-6-14) contemplates the transfer of a personal residence to a UAPT inasmuch as it permits the … Continue reading
Utah Asset Protection Trusts | Summary of the New Statute
The following is a detailed summary of Utah’s new asset protection trust statute, which became effective May 14, 2013. This summary description is intended primarily for attorneys who want to understand the operation of the new law. What follows is … Continue reading
Utah Asset Protection Trusts: Are they Right for Me?
If you are a Utah resident in a high-liability profession (like a physician), or if you’re a Utah resident with a high net worth, a Utah asset protection trust can help shield you and your family from vexatious lawsuits. Utah … Continue reading
Utah Asset Protection Trusts: New 2013 Law
On March 28, 2013, Governor Herbert signed into law H.B. 222, Utah’s new self-settled asset protection trust statute. The new law arguably provides the greatest measure of asset protection of any such law in the country. It will replace the … Continue reading
Prior Utah Asset Protection Trust Law
NOTE: Effective May 14, 2013, Utah has a new asset protection trust law. This blog was posted on May 28, 2012, and the information in it is now mostly “historical” in nature. The proposed legislation mentioned below was enacted by … Continue reading