Asset Protection Council® (APC) is a nationwide network of affiliate Attorneys, CPAs and Financial Advisors who are focused on providing a unified approach and access to the breakthrough Asset Protection Concept called The Bridge Trust ® for its affiliates and their clients.
APC enables its affiliate members to offer the unique benefits of the The Bridge Trust® to their clients.
The Bridge Trust® combines the strength of a fully offshore asset protection trust, with the ease of use and low maintenance of a simple domestic grantor trust and has been described as “The most exciting concept to develop since the inception of Asset Protection”.
Effectively used to protect thousands of clients since its first use in 1997, The Bridge Trust ® is only available through membership as an affiliate of the Asset Protection Counsel®.
What is The Bridge Trust ®
Stay in Control of Your Assets
The Bridge Trust ® is a breakthrough Asset Protection concept which “bridges” the best features of the Foreign Asset Protection Trust (FAPT) yet is even easier to use and maintain than the Domestic Asset Protection Trust (DAPT).
The Bridge Trust ® is a fully registered Asset Protection Trust with a certificate of registration from an offshore trust jurisdiction right from day one. The foreign Trustee is also in place from Day 1, and the due diligence is done on the client right up front, when it matters and when waters are calm. The Trust is then stepped back into the US for tax purposes and from the perspective of the IRS is considered a simple domestic grantor Trust.
What this means is that the client may be the Trustee, the Trust does not need a separate EIN number, it can use the client’s social security number, and the Trust need not file a separate tax return or any foreign trust compliance forms. The net effect is that the Bridge Trust ® is as easy to use and maintain as a typical Revocable Living Trust – Except if there is ever an “Event of Duress”, the foreign Trustee may be activated by declaration of the Protector and the Trust jurisdiction can be fully moved offshore with all of the protections of a full FAPT, with an inception date of when the Trust was established, not when it becomes foreign!