Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

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Tuesday, July 15, 2014

Domestic Asset Protection Trusts Can Now Be Created in 16 States

LawAs of July 1, 2014, there are now 16 states that allow qualified disposition trusts (QDITs). QDITs are also know as domestic asset protection trusts and are irrevocable trusts that offer creditor protection. Mississippi recently passed legislation allowing the creation of QDITs for trusts with a Mississippi resident, bank, or trust company trustee.

See Leonard C. “Len” Martin, Spotlight on Mississippi: Domestic Asset Protection Trust Legislation, Baker Donelson, July 9, 2014.

http://lawprofessors.typepad.com/trusts_estates_prof/2014/07/domestic-asset-protection-trusts-can-now-be-created-in-16-states.html

Estate Planning - Generally, New Legislation, Non-Probate Assets, Trusts | Permalink

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