Asset Protection Planning

Asset protection planning has been defined as the process of organizing one's assets and affairs in advance to guard against risks to which the assets would otherwise be subject.  Often, this may involve insulating liabilities from valuable assets as to reduce the debtor’s profile and amenability to a lawsuit, as well as to maximize the use of exemptions allowed by applicable law in an effort to protect a client’s current, or future assets.  Asset protection planning is but one component of estate planning.

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