ASSET PROTECTION TRUST (APT)

A trust in offshore banks that has clean money in it. The money is safe from anyone with a claim on it in the home country of the fund owner. The title is given to a trustee that manages it. AKA family protective trust in the UK.

More On This Topic



Link to This Definition
Did you find this definition of ASSET PROTECTION TRUST (APT) helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary