Premarital Agreements and the Young Couple (November 2006)
Linda Ravdin
Asset Protection: "UTC Section 505(b) - Pandora Opens The Box"
Jonathan E. Gopman
Estate planners frequently use Crummey Powers and 5 and 5 powers in plans without realizing such powers may expose trust assets to creditor claims. This article examines the asset protection consequences of using Crummey Powers or 5 and 5 powers in states that have enacted Uniform Trust Code Section 505(b).
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