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How should a TAPT be Created?
The TAPT is not a "do-it-yourself" project. First, a professional, preferably a licensed attorney, should draft the TAPT document. Second, the drafter should have experience and knowledge in the areas of creditor rights, trust administration, estate planning, income taxation of trusts, and gift, estate and inheritance taxes. Lastly, the drafter should be familiar with the statutory requirements for the creation of a valid self-settled, asset protection trust in Tennessee.
Please contact us if you are interested in learning how the necessary legal documentation can be drafted to create a hard-shell around your nest egg in the form of a TAPT.
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