A domestic asset protection trust (DAPT) is a self-settled irrevocable trust in which a third-party trustee manages and controls the assets. The trustee then makes distributions to beneficiaries. Unlike a will, a Domestic Asset Protection Trust is self-settled, meaning its creator funds it with assets. The creator of the trust is usually also the beneficiary of the trust. Self-Settled A self-settled domestic asset protection trust can be a helpful tool for asset protection planning. These trusts can remove assets from an estate and apply rules to protect them from creditors and state income taxes. They can also help protect an individual’s interests…

University, college, or even specialist courses can all be very pricey, and for those who don’t have an easy go-to means to fund their education, it can be daunting. While you always have the opportunity to take out a loan, this loan should be your last-case scenario. By first understanding what you want out of your education, what colleges you’re likely to be accepted in, and what funding options, from grants to scholarships, you can apply for. To help you start financially preparing for higher education and to reduce the cost as much as possible, use these tips: Start By…