Is Domestic Asset Protection Still Viable After Mortensen? - Advisor...

10/30/11

Is Domestic Asset Protection Still Viable After Mortensen?
AdvisorOne
In 2009, Mortensen filed for Chapter 7 bankruptcy. He didn't declare the DAPT's trust assets as part of his bankruptcy estate. The bankruptcy trustee became aware of the trust's existence and brought an action in Bankruptcy Court to set aside ...