Domestic Asset Protection Trusts

[Roberto Westerband]

Does anyone have experience with DAPT? I'm interested in finding out the following:

• Are these allowed in New York?
• Do I have to live in the state where I set one up?
• Can real estate properties be placed in a DAPT?
• What are the tax implications of a DAPT?
• Can real estate properties be sold once they are placed in a DAPT?

Any feedback would be appreciated! Thanks!