MARK KOHLERMain Street Professionals, Main Street Professionals, Main Street Professionals, Main Street Professionals, Main Street Professionals, LLC · Owner at Main Street Professionals, LLC

5 Irrevocable Trusts That Protect Your Wealth

3 Sept 2026 · 1 min

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Mark Kohler explains the Domestic Asset Protection Trust, a grantor trust allowed in about 15 states that shields assets from creditors. Income still flows to your tax return with no separate tax filing. The catch: assets must go in before any lawsuit, and setup has to meet strict state requirements to work.

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The domestic asset protection trust, the DAPT. This is one that does not have a tax impact. It's what the IRS call a grantor trust, and any income from it still flows onto your tax return. But there's about 15 states that have said, we're going to allow for this special DAPT trust. And if a citizen in our state and all these things align, we're going to protect that if they put assets in it before a cause of action. So there's all these little, you know, hurdles you have to jump to make sure it's done right. And you're not just getting a car accident tomorrow and go start moving assets around, but these dApps work.