A variety of legitimate tools have emerged to protect family and individual wealth from creditors
The field of asset protection is often stigmatized. The phrase may inspire thoughts of “deadbeats, scam artists, and tax evaders.”1 However, the concept has become common and refers to nothing more than the process of an individual or family arranging assets to preserve as much value as possible in the event of a future creditor attack. Asset protection has “gone mainstream” and estate planners now urge professionals of all types to consider planning for the risk of future liability. This ...
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