Derek Onysko | Wrona Gordon & DuBois Law Firm

In May 2013, an improved Utah trust statute went into effect, and it will provide great asset protection.  Titled the Domestic Asset Protection Trust, its purpose is simple: to help anyone protect assets from future creditors.  The trust protection is similar to that enjoyed by an LLC, or limited liability company, but the trust does not need a business purpose.  Or put another way, the trust protection is similar to that of an insurance policy on the property, but without having to pay any insurance premiums.  The trust is available to anyone, not just Utah residents, and the property in t

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