We live in a litigious society. So, how you structure and own your assets can affect whether they can be taken away in a lawsuit. These days, many individuals and businesses, not just the rich and famous, are taking steps to avoid having their property taken away from litigation and fraudulent creditors.
These steps include the following asset protection planning techniques:
Timing is critical to establish asset protection. The planning must be done well in advance of any lawsuit or creditor issue. If not, a judge will determine that the asset protection planning was fraudulent. Today, protecting your assets is not just for the ultra-wealthy, it is a real option for you or your business, too.
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