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PSA: the BEST time to do asset protection planning is before you NEED asset protection planning. As in, don’t wait until after you are threatened with a lawsuit to look into planning.

I saw someone in this arena estimate that 85% of the people looking to set up an asset protection plan already have an existing legal threat.

Here’s our friendly reminder to not wait using our favorite storm metaphor.

For years Shreya carried around a box that she thought contained a great tool for smashing up food. When the time came for her to smash some food, it turned out the box was mostly empty. The tool she had been lugging around for years was of no use to her.

How does this relate to asset protection? There are different tools available for protecting yourself from bogus lawsuits. When the threat of a lawsuit finally comes up, the tool you’ve been carrying around might not work the way you envisioned. [Read more…] about Is your asset protection box empty?

What’s the difference between business planning and asset protection planning? If I have an LLC, do I have to do more asset protection planning?

[Read more…] about Business planning vs asset protection planning

If you are interested in protecting your property from creditors, you have a lot of options. I can’t write about every option that’s out there, but I’ll talk about a couple common techniques and a general strategy overview. By the way, in this case we are talking about real property as opposed to other types of property.