Asset protection planning attempts to reach a balance between giving the client sufficient control so that the assets do not disappear but at the same time not so much control that a creditor can . Asset protection planning is proactive legal action that protects your assets from future creditors divorce lawsuits or judgments this involves a series legal and lawful techniques that can deter a lawsuit it can also provide you with settlement negotiation power. Unprotected assets and protected assets asset protection planning is a process by which one organizes their financial affairs in such a manner as to safeguard assets from the risk of exposure the process of asset protection involves transferring the assets from an unprotected form of ownership to a protected form of ownership. What is an asset protection plan simply put an asset protection plan is a blueprint that legally secures your assets from creditors it preserves them your use and enjoyment as well as that of your intended beneficiaries its important to note that a truly effective and efficient asset protection plan cannot exist in a vacuum. Asset protection planning is a legitimate form of wealth planning attorneys who engage in asset protection planning help their clients preserve and protect their property in advance of a claim or
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