What is the best asset protection trust?

When it comes to asset protection in New York, the best asset protection trust is the Self-Settled Spendthrift Trust (SSST). This type of trust is designed to protect assets from creditors, while still allowing you to retain control and benefit from those assets. The SSST is a type of trust in which the settlor (or grantor) retains an interest in the trust and also benefits from the trust’s income. This trust allows you to separate ownership of your assets from legal claims or creditors. The SSST is also known as an “asset protection trust,” as it shields assets from the claims of creditors. The SSST must meet certain requirements in order to be valid in New York. The settlor (or grantor) can’t be a beneficiary of the trust, the trust can’t be modified for the benefit of the settlor, and the settlor must not be able to revoke the trust. When these requirements are followed, the assets in the trust are protected from legal claims and creditors. The SSST is an effective and legal way to protect assets from creditors and legal claims. The asset protection trust is an important legal tool that allows you to retain control and benefit from your assets, while also protecting them from creditors and legal claims.

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What is the best asset protection trust?

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