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Property owners have ways to protect themselves

Many real estate purchases in recent years were investor or second-home buyer purchases -- an indicator of the growing popularity of real estate investing as a wealth-building strategy.

Understanding the basic principles of asset protection -- tools and techniques used to legally protect property from potential creditors and lawsuits -- is vital for real estate investors to ensure that the fortune they are working to build remains safe.

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Foreign Asset Protection Trust FAPT

This trust is the ultimate in asset protection. It is drafted in accordance with the laws of a foreign country in order to keep the assets safe from creditors. The Settlor of the trust, also known as the creator, gets to choose which country’s laws to abide by, and selects the provisions and the trustee of the trust.

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