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However in most states settlor s creditors can reach the trust assets while the settlors are alive. Regardless DAPTs form a significant barrier against creditors and afford significant leverage 9 NUMBER 1 / Q1 2015 to the debtor with respect to negotiations with the creditor. CHARGING ORDER A charging order is an order by the court in favor of the creditor requiring that distributions from the LLC be made to the creditor who obtained the exclusive remedy for the creditor the creditor will not...
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Asset protection - beyond is a strategy to safeguard assets from potential creditors or legal liabilities beyond the basic protections.
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