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Eileen M. Carrero, CPA
Financial Advisor, CPA
Eileen Carrero Financial Services, LLC
Wealth Management, Tax & Accounting
4917 West 144th Place
Midlothian, IL 60445
Phone: 708-489-1035
Fax: 708-489-1036
Email: eileen.carrero@ceterafs.com
Website: www.myecfs.com
September/October 2025
Safeguarding Your Wealth
Protecting your assets from potential creditors or lawsuits is important in our increasingly litigious society. An asset protection trust (APT) may help. Unlike many traditional trusts, APTs are specifically designed to shield assets from future liabilities.
Basics
With an APT, you can be both the trust grantor (creator) and a beneficiary. Thus, assets in a properly structured APT are generally deemed outside your personal ownership and inaccessible to creditors or lawsuits. In addition to safeguarding assets from external threats, an APT may facilitate efficient transfer of wealth across generations while potentially minimizing tax implications for heirs.Caveat
APTs are complex, and the timing of the trust's establishment is critical. To be effective against future creditors, an APT must be created before any potential claims arise. For more information about the suitability of an APT for your family, consult your legal and financial professionals.
Securities offered through Cetera Financial Specialists LLC, member FINRA/SIPC. Advisory services offered through Cetera Investment Advisers LLC. Cetera entities are under separate ownership from any other named entity.
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