ASSET PROTECTION

Asset Protection

Asset protection involves legal and financial strategies to safeguard assets from risks like lawsuits, creditors, or bankruptcy. It's vital for those with significant wealth or high-risk professions.
 


LLCs & Corporations: Separate legal entities that limit personal liability.
Insurance: Policies like liability and umbrella insurance defend against claims.
Exemptions: Some assets are protected under federal or state laws.
Gifting & Estate Planning: Transferring assets to family or trusts can shield them from potential threats.

Key Elements of Asset Protection