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Asset Protection News from David M. Frees III
This article on PLR Private Letter Ruling 200944002 contains a link to the IRS's full ruling and a brief analysis. If you currently have such a trust, or you are thinking about creating an asset protection trust in a state such as Alaska, Delaware, or Nevada, then you must review this vital information with your estate planning lawyer, asset protection attorney, and tax advisors.
David M. Frees III
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