What is an asset protection?
Asset protection (sometimes also referred to as debtor-creditor law) refers to a set of legal techniques and a body of statutory and common law dealing with protecting assets of individuals and business entities from civil courts judgments, monetary claims and various creditors. Asset protection helps to minimize the risk of loss coming from unfriendly individuals, businesses and government departments. Asset protection shields and protects many families from business failures and lawsuits. Without proper asset protection, a life of a person or a business could be ruined in a court. There are many programs available to help an individual or business minimize and/or avoid asset loss risks. The best way to protect your assets is to seek offshore asset protection strategies.
