Asset protection planning by a lawyer can be done in a number of different ways.
First it’s helpful if you work on creating a personal balance sheet so that we can assess your assets, liabilities, and equity interests. These might be more difficult to discern than you may think because some assets and liabilities can be contingent on some future event occurring.
Once we have a view of your personal balance sheet we’ll look at what insurance policies you have and which you may want to procure.
Next, and this is where it gets fun for our attorneys… We can assemble asset protection trusts (“APTs”) including credit shelter trusts, etc. domestic asset protection trusts (“DAPTs”) or foreign asset protection trusts (“FAPTs”) funded with a tier of entities planned, structured, and operated to provide further layers of protection, and Marital Asset Protection Trusts (“MAPT”).