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ASSET PROTECTION
You've worked hard for your assets and you want to protect them. Today's society is very litigious and many people view lawsuits as a way to get rich quickly. Properly structuring your affairs to legally reduce the impact of lawsuits can be crucial. This can be particularly true for the next generation and those who inherit your estate. In most cases, planning must be completed early to be effective.
Asset protection planning often involves the use of one or more trusts, business entities, and appropriate levels of insurance. The more complicated the structure, the more administrative burden it imposes. Understanding how a properly designed structure can impact your day-to-day living is an important aspect of selecting the appropriate plan. Some clients just don't want to deal with the complexity while others feel comfortable with the additional administrative requirements.