Asset Protection

We determine the best way to protect client assets and implement and monitor asset protection plans according to client needs and asset classes. Every situation is different, and the right structure depends on what you own, where you live, and what risks you face.

Trust Types for Asset Protection

• SLAT (Spousal Lifetime Access Trust) — allows one spouse to transfer assets while the other retains indirect access
• BDIT (Beneficiary Defective Inheritance Trust) — combines asset protection with income tax planning advantages
• DAPT (Domestic Asset Protection Trust) — self-settled trusts available in certain U.S. states
• International Trusts — offshore trusts for the strongest creditor protection available

Why Domestic Trusts May Not Be Enough

U.S. courts are aggressive. No matter where a domestic trust is located — Alaska, Nevada, Delaware, or South Dakota — U.S. trusts are at serious risk of being pierced by a determined creditor with access to U.S. courts.

That is why we set up offshore, international, iron-clad asset protection trusts from start to finish. International trusts place your assets beyond the reach of U.S. court orders while maintaining your access and control.

IRS Compliance for Trusts

Given our years of experience with FATCA and international tax compliance, we keep trusts in compliance — both new and existing. Many attorneys set up offshore trusts but lack the tax expertise to keep them compliant. As a dual-licensed Attorney and CPA, Philip Falco handles both the legal structure and the ongoing tax reporting.

We have many years of experience with the tax compliance of foreign and domestic trusts, including Forms 3520, 3520-A, and the related FBAR and FATCA reporting requirements.

Get Started

Contact us for asset protection planning. Call (303) 626-7000 or email Phil@ColoradoLegal.com.