Asset protection planning is the development of legal planning techniques to place the client’s assets beyond the reach of future (not present or known) creditors.
Many individuals have the potential for future creditor problems, whether it be through divorce, malpractice claims, tax liens, business claims, long term care expenses or other catastrophic expenses. Therefore, it would be prudent for individuals to discuss asset protection with an attorney who specializes in this area of the law. Continue reading “Trust Planning and its Interplay with Asset Protection – An Overview”