Asset protection encompasses various planning and structuring alternatives that may be used to shield an individual’s assets from creditors. A creditor can be anyone with a claim on your assets: your business partner, your bank, the Internal Revenue Service, and even your former spouse. Asset protection planning is a legal means of structuring your asset ownership and your business affairs to make it very difficult, and sometimes impossible, for a present or a future creditor to reach your assets. The method used must be tailored to fit the client’s needs. 

Some common asset protection tools we use include:

1. Corporations

2. Limited liability companies

3. Partnerships

4. Trusts (including trusts in jurisdictions affording more protection)

5. Various estate planning documents such as revocable trusts,
   wills and power of attorney.

6. Pre-marital agreements

7. Gifting