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 Asset Protection

Asset protection is a group of legal methods and strategies that give clients protection of their assets from people and companies from a civil lawsuit and/or general creditors.  Generally, assets can be placed into a legal entity, such as a limited liability company, corporation, or a trust. This limits the liability between the owner personally and the legal entity.  The goal is to legally protect the assets and possibly minimize their tax burden without evading the IRS.


What can be protected?

Most of a person’s assets are subject to creditors and are not shielded automatically.  An asset protection plan can help protect:

  • Cash

  • Stocks

  • Equity in a home

  • Businesses and their assets

  • Personal property such as cars, collectible, precious stones/metals, etc

By using a legal entity, such as a trust, the legal title to the asset is transferred to the trust.  This gives the legal entity the legal title and, therefore, shields the asset from creditors.