Asset Protection
The purpose of asset protection planning, which may include trusts, partnerships and/or off-shore entities to hold legal title to your assets, is to make it difficult to impossible for potential creditors to go after you.
If you own a business you may feel the need for creditor protection. Asset protection is achieved by implementing well thought strategies that can protect your wealth from unfair tax burdens or claims by future creditors. Protection planning includes working with tax professionals (CPAs and lawyers) and using the best strategies and products to ensure your wealth.