 Generally speaking, asset protection is the process of structuring a client's wealth, property, and assets to minimize exposure to litigation and creditors. The typical asset protection client is a successful professional who is at increased risk of being sued, because of either the nature of the client's profession or his/her visibility in the community. Representative clients include entrepreneurs, corporate executives, physicians, dentists, lawyers, entertainers, and professional athletes.
An asset protection plan usually includes a variety of domestic and/or offshore corporations, partnerships, and trusts. Please see our Asset Protection FAQ section for more information.
Asset protection is closely related to estate planning. An asset protection plan typically also deals with how the client's property will be distributed after death, including estate tax savings and future generation security.
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