Author Nick: JanetX
Name: Janet X
Site:
Unfortunately, most people think that once assets are placed in a Trust they are protected forever! However, this is simply not the case. If a Trust is found to be a “sham”, then asset protection can be lost. So what is a Sham Trust?
Family Trusts are a very effective way for anyone to protect their assets from a wide range of events that in many cases are beyond our control.
Family trusts are like an insurance policy. Among other benefits, they are designed to protect you from an adverse event, if and when one happens. It’s obvious that we don’t know what those ‘events’ could be for you. We hope they never occur.
