Tag: DAPT

Domestic Asset Protection Trust Not Obligated to Pay Spouse’s Alimony and Child Support

Posted on | by Tom

June 6, 2017

For those who have been saying that domestic asset protection trusts (“DAPTs”) don’t work, the new Nevada Supreme Court case of Klabacka v Nelson has at least concluded that with regard to Nevada residents, Nevada asset protection trusts do work, even in highly sensitive situations that involve divorcing spouses. Continue reading →

Concerns with Domestic Asset Protection Trusts as Viable Tools, Especially After the Kloiber Case

Posted on | by Tom

April 27, 2017

As I again read through the Delaware Court’s view in the recent Kloiber case about a Delaware trust that a divorcing spouse wanted to tap into as part of a divorce settlement, I could not help sense that the Delaware Court took every opportunity to suggest that Delaware law may not be available to protect the Delaware trust assets. Continue reading →