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SSAPT
(redirected from Self-Settled Asset Protection Trust)

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AcronymDefinition
SSAPTSelf-Settled Asset Protection Trust


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As a result, it may be prudent for the insured to transfer his or her insurance policies to a nondebtor spouse or child, or possibly to a self-settled asset protection trust established in an appropriate jurisdiction.
In the latter part of the twentieth century, however, several offshore and domestic jurisdictions enacted statutes that reverse the traditional rule, thereby giving rise to the self-settled asset protection trust (APT).
 
 
 
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