How To Protect Your Assets From Creditors

Protecting your assets from creditors (“asset protection”) is a topic you don’t think much about until a triggering event, and then it can jump to the top of your priorities.  The triggering event may be an accident with personal injuries on your property, a contract commitment turning bad, or involvement in a financial project where substantial resources are lost.  Asset protection planning can take many forms, including changing asset titles or setting up structures, such as LLCs or Trusts, to own assets.  With respect to Trusts, in the past these have probably gotten more press than their actual usage would […]