How do I establish an asset protection trust?

In Oregon, establishing an asset protection trust involves several steps. First, you must choose a trustee. This is the person who will manage the trust. The trustee must be a licensed trustee in Oregon. Second, decide what assets you want to protect. These may include real estate, personal property, investments, and other assets. You must title the assets in the name of the trust. Third, create the necessary trust documents. These documents will specify how the trust will be managed, how the assets will be distributed, and any other important details. Fourth, fund the trust. You will transfer the ownership of the assets into the trust. Lastly, you must register the trust with the Oregon Department of Revenue. Registering the trust will ensure that the trust is legally recognized in Oregon. After the trust is established, you will no longer own the assets. Instead, the trustee will manage and protect the assets on your behalf.

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How do I establish an asset protection trust?

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