| 2nd Annual
Domestic Asset Protection Trust State Rankings |
Rank | 2010 Forbes Letter
Grade | State
| State Income
Tax | Statute
of Limitations (Future Creditor) | Statute of Limitations (Preexisting Creditor) | Spouse/ Child Support Exception Creditors | Preexisting Torts/Other
Exception Creditors | Comments |
1 | A+ | Nevada | No | 2 Yrs. | 2 Yrs. or 0.5 Yr. Discovery | No | No | Top of Tier 1 |
2 | A
| Alaska | No | 4 Yrs. | 4
Yrs. or 1 Yr. Discovery | Divorcing Spouse | No | Tier 1 |
3 | A-
| South Dakota | No | 3 Yrs. | 3
Yrs. or 1 Yr. Discovery | Divorcing Spouse; Alimony; Child Support | Preexisting Torts
| Bottom of Tier
1 |
4 | A- | Delaware | No (except residents) | 4 Yrs. | 4
Yrs. or 1 Yr. Discovery | Divorcing Spouse; Alimony; Child Support | Preexisting Torts
| Bottom of Tier
1 |
5 | B | Tennessee | No (except dividends/ interest on residents) | 4 Yrs. | 4 Yrs. or 1 Yr. Discovery | Divorcing Spouse; Alimony;
Child Support | No | Tier
2 |
6 (tie)
| B | Rhode Island | No | 4 Yrs. | 4
Yrs. or 1 Yr. Discovery | Divorcing Souse; Alimony; Child Support | Preexisting Torts
| Preexisting tort
creditors puts behind Tennessee |
6 (tie) | B- | New Hampshire | No (except dividends/ interest on residents)
| 4 Yrs. | 4 Yrs. or 1
Yr. Discovery | Divorcing
Spouse; Alimony; Child Support | Preexisting Torts | Preexisting tort creditors puts behind Tennessee
|
8 | C | Wyoming | No | 4
Yrs. | 4 Yrs. or
1 Yr. Discovery | Child Support | Property listed on app. to obtain credit; Property received by fraudulent transfer | Exception creditor statute restricts
usability |
9
| C | Utah | No (except Utah source income) | 3 Yrs. | 3 Yrs. or 1 Yr. Discovery | Divorcing Spouse; Alimony; Child Support | Numerous | Too many exception creditors |
10 | C- | Missouri
| No (except
Missouri source) | 4
Yrs. | 4 Yrs. or
1 Yr. Discovery | Alimony; Child Support | State/U.S. to extent state/ federal law provides | Very limited provisions |
11 | C- | Oklahoma
| Yes | 4 Yrs. | 4 Yrs. or 1 Yr. Discovery
| Child Support
| Protection limited
to $1,000,000 | Limited
to $1,000,000 |
12 | N/A | Hawaii | No (except residents) | 2 Yrs. | 2 Yrs. Pers. Injury; 6 Yrs. Contract | Divorcing Spouse; Alimony;
Child Support | Preexisting Torts, Certain Lenders, Hawaii Tax | 1% entry tax and limited assets allowed |
13 | D | Colorado
| Yes | 4 Yrs. | 4 Yrs. or 1 Yr. Discovery
| Not clear if protection
from any creditor | Not
clear if protection from any creditor | Question whether law works |
