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- Consumer
Domestic Asset Protection Trusts (DAPTs) To Use Temporary Exemption
- Single people should consider using their temporary exemption.
- A DAPT may permit access to assets transferred.
- While DAPTs had been used primarily for asset protection they should be considered as a tool to facilitate single taxpayers using the temporarily high estate tax exemption.
- Optional structures for DAPTs may include a hybrid DAPT, 10 year delay on distributions or a power of appointment option.