Asset Protection

There are methods to protect your assets. Many things can deplete assets, where most people initially think of litigation, other situations can deplete assets, including long-term care and disability. There are benefits and drawbacks to each asset protection method, where some methods may not be beneficial to some people or the costs associated may not be worth the expense.

Typically, the best option is a mixture of several specific protections to ensure the best protection possible with the most flexibility. Some options for asset protection are:

  1. Insurance
    1. Automobile Insurance
    2. Home Owners Insurance
    3. Umbrella Insurance
    4. Business Liability Insurance
    5. Professional Insurance
    6. Health Insurance
    7. Disability Insurance
    8. Life Insurance
  2. Irrevocable Trusts
  3. Limited Liability Company