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What does asset protection mean?

Feb 5, 2021

Paul S. Labiner

Paul Labiner


As its core, asset protection planning is about mitigating and reducing risk, and it involves shielding your assets from creditors, predators, lawsuits, and disaffected family members. You can think of an asset protection plan as a kind of insurance policy that not only protects your wealth, but your financial legacy too by denying creditors access to your money, property, or business.

A primary aspect of your asset protection plan will be classifying your assets and turning “exposed assets” into “protected assets.” This process decreases the number of assets that are subject to creditor claims by reallocating them to various protected asset classes.

Asset Protection is one of the most critical components of estate planning. While your estate plan writ large aims to ensure a transfer of wealth to future generations, an asset protection plan shields those hard-earned and valuable assets from creditors, predators, and lawsuits.

Protect Your Financial Legacy

Don’t let your assets be an easy target for creditors and lawsuits. We make protecting your estate and assets as simple and stress-free as we can. Call (561)998-2362 or click the button to schedule a free Financial Legacy Review online now.

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