Publication Date

2000

Journal

Cornell Law Review

Abstract

The article examines the evolution and implications of asset protection trusts, highlighting how their use has expanded beyond high-net-worth individuals to professionals like physicians. It critiques the race among jurisdictions, particularly smaller states such as Alaska and Delaware, to create favorable trust laws, arguing that this competition may lead to inefficient and unfair legal frameworks. The analysis emphasizes the tension between creditor rights and debtor protections, suggesting that without federal intervention or multistate coordination, this race could undermine the balance between these interests, potentially harming the broader economy.

Volume

85

Issue

4

First Page

1035

Last Page

1117

Publisher

Cornell Law School

Disciplines

Estates and Trusts | Law | Law and Race

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