Asset protection planning works best before a lawsuit, collection action, or other claim is pending. It may involve appropriate insurance, clear separation between business and personal affairs, sound contracts, entity governance, and estate-planning choices. Transfers made to hinder existing creditors can create serious legal problems. Effective planning must be tailored to the client’s facts and completed with legal and tax advice where appropriate.
Asset Protection Planning Starts Before a Claim
Why lawful asset protection is preventive, coordinated, and grounded in real business and family circumstances.
By CJ Fiorelli, J.D. · ·
This article is part of our Asset Protection legal services topic.
Related frequently asked questions
When should asset protection planning begin?
Planning should occur before a claim or collection problem arises. Last-minute transfers can be ineffective or unlawful, so preventive review is important.
This information is general education and is not legal advice. Every situation is different.