state where the action is filed with trustees who are residents of a jurisdiction with enacted asset protection legislation 3 if deemed necessary the trustees remove all assets located in the jurisdiction without enacted asset protection legislation to a jurisdiction with enacted asset protection legislation such jurisdictions may be either within the united states or outside the united states 4 the trust mandates that its trustees and protectors must act consistent with the objectives of the settlor as stated in the trust the trustees and protectors must act or refuse to act to protect the assets from a claimant the disclosed business method avoids the shortcomings of the prior art methods that utilize limited partnerships because no individual holds an ownership interest in the entity the llc that holds the protected assets an individual 39 s legal status as manager not member of the llc is fundamentally different from an individual 39 s legal status as a partner in a limited partnership therefore a court cannot inquire into the nature of an individual 39 s ownership interest in the llc he or she has none or compel action under the threat of being held in contempt the powers and authority of the llc 39 s manager are strictly limited u2014 the manager has no power to distribute assets the disclosed business method also.