Family Limited Partnerships (FMLP)

Limited Partnerships actually originated way back from the time when European shipping businesses began to operate globally. That’s right. A very long time ago. The goal in creating these limited partnerships was to allow multiple individuals or businesses to invest...

In Re. Huber (Bankr. WA 2013)

ASSET PROTECTION ISSUE: Will an Alaska Domestic Asset Protection Trust (DAPT) stand up to a Bankruptcy Trustee? CASE SUMMARY: Donald G. Huber (Huber) and his son Kevin Huber owned United Western Developers (UWD), a real estate investment and development company in the...

Battley v. Mortensen (2011)

ASSET PROTECTION ISSUE: Does Bankruptcy Code Section 548(e) void a transfer to an Alaska DAPT, even if settlor was solvent at time of transfer? CASE SUMMARY: Mortensen was an Alaska resident and in 2005 settled an Alaska Domestic Asset Protection Trust with $60k of...

Toni 1 Trust v. Wacker(2018)

ASSET PROTECTION ISSUE: Is a Domestic Asset Protection Trust (DAPT) set up in Alaska effective regarding a Montana fraudulent transfer action? CASE SUMMARY: Donald Tagwell sued the Wackers in Montana state court in 2007.  The Wackers counter-sued Mr. Tagwell as well...