The 'Ultimate' Asset Protection Trust

Abstract

The "Ultimate" Asset Protection Trust explores the world of pension plans and various types of pension plan designs. These retirement plans are primarily used for retirement, however they are protected from creditors under Federal Bankruptcy law. Pensions are covered in mystery as rules are confusing and only certain individuals such an Enrolled actuary may sign a schedule B on a 5500, the annual report used in a pension plan. Enrolled actuaries are few in number, today only about 4,000 in the United States compared with 1,340,000 attorneys and 2,000,000 who hold doctorate degrees. Hence, few individuals are aware of these plans. This paper provides a brief introduction into the world of pension plans and perhaps the "Ultimate" Asset Protection Trust - a Pension Trust.

Keywords: Asset Protection, pension, qualified plans,tax, retirement

JEL Classification: G23