The ultra-exclusive and seemingly superfluous sport of Formula 1 auto racing designed rearview mirrors, seat belts, anti-lock brakes and roll cages, all widely used in most cars today. Likewise, revocable, multigenerational and irrevocable asset protection trusts were first designed for ultra-wealthy families like the Rockefellers. Just as they wanted to protect their assets from probate costs, privacy invasion, creditor claims, lawsuits and estate taxes, I implement these powerful legal documents for my clients regularly today.
