newcomers whose professions or businesses leave them vulnerable to potentially devastating litigation risks. These trusts are now popular among professionals such as doctors, lawyers, and accountants as ways to shield their assets from runaway malpractice claims. Recently, they have also been suggested as a way to insulate officers and directors of companies that face potential environmental tort liability.

In short, irrevocable trusts are formed in hospitable offshore jurisdictions for the purpose of shielding assets from creditors certainly future creditors, and sometimes even existing ones. The trustees are offshore individuals and/or entities, that appear to possess complete discretion regarding every aspect of the trusts. In turn, contrary to what is allowed by United States trust law, the creators of OAPTs can continue to control the trustees and, thus, the trusts themselves. Countless billions of dollars are already in these trusts, as more and more they become available to, and utilized by, the kind of people we all know