A lot of estate planning revolves around facilitating how your assets are distributed after you have passed on and Asset Protection is an extension of that. Asset Protection is an element of Estate Planning that allows you to protect all of your assets while you’re still living and further, it protects them when you are no longer here. This process allows your assets to be afforded protection from any attempts to remove the property from your possession through any claims and lawsuits that may arise.
Asset protection is a creative and strategic tool that is meant to protect your assets from creditors while retaining the measure of meeting your business and tax obligations and objectives. This can be done by using other instruments in conjunction with each other like Trusts.
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