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

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

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