so when I’m working with a client on

asset protection I like to Define our

objectives as we want to arrange their

Affairs so that we reduce

their attractiveness to a potential

creditor we want to

use insurance

in the planning and by proper planning

we want to encourage a favorable

settlement as early as possible in the

process but we also want to make sure

that if litigation is inevitable if we

can’t avoid it that the assets are going

to be as difficult for a creditor to

attach as possible we typically start by

making sure they have proper Insurance

in place and that’s important because

the insurance gets you a lawyer if

there’s a threat of a lawsuit otherwise

you have to pay that lawyer yourself

it also creates a bucket of money for

the Creditor

to focus on without insurance the client

is the only possible source of recovery

we then go into state law

depending upon where you live your state

could provide fantastic planning

opportunities like Florida does and then

once we’ve taken advantage of state law

protections which are generally free or

cheap then we start to look at more

complicated domestic asset protection

trusts offshore trusts and multiple

entities