What Are The Goals Of Asset Protection Planning?
The goals are to: Maintain Your Assets A crucial starting point is family security. You work hard to achieve economic security. If you wish to be sure that security is there now and forever, you should act to protect your assets from unexpected risks and liability. Our legal system does not do enough to discourage frivolous lawsuits. Tilt the Playing Field In Your Favor! Imagine sitting down for a game of chess in which I allowed you to make the first five moves. Could you set up the board so that I had no chance of winning? Of course! This is what you can do with asset planning before there is a lawsuit. Negotiate A Favorable Settlement Asset Protection is designed to increase your assets’ safety by creating a climate in which you will be in a strong position to negotiate a favorable litigation settlement. On the witness stand truthfully answer all questions posed to you without fear that your opponent will be able to get your assets. Trying to protect assets by committing perjury in
