We are going to embark over the next week or two on the subject of self-settled Asset Protection Trusts and the future effects of FATCAT (as named by my friend at Deathandtaxes, John T. Nolan) for the Foreign Account Tax Compliance Act of 2009 which is pending before Congress. Self-Settled Domestic Trusts provide little protection against creditors, because while the assets may be in Delaware, the Settlor is still around and a court can use its contempt powers to force the Settlor to get his money back. So, we’ll show this scenario in the case of Dr. Dim Bulb and his efforts at Asset Protection.