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    What is a TAPT?
On May 10, 2007, Governor Phil Bredesen signed the Tennessee Investment Services Act of 2007 into law. The new law permits any person to create a self-settled, asset protection trust, which is referred to as an "Investment Services Trust." This new law sanctioning the creation of a Tennessee asset protection trust (TAPT) is effective July 1, 2007.

Under the new law, assets titled in the name of a TAPT are protected from creditors. In other words, a person can transfer his or her own money to a trust for that same person's personal benefit, and that person's creditors cannot access the funds in the TAPT.

 
 
     
   
 
 
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