Green Tree Planning

Asset protection (sometimes referred to as debtor-creditor law) is a set of legal techniques, including statutory and common laws, dealing with protecting assets of individuals and business entities from civil money judgments. The ultimate goal of an asset protection plan is to insulate your assets from claims of creditors without concealment or tax evasion.

Any effective asset protection plan is customized to your individual needs – designed to preserve and protect your wealth from those predators who would take it away.

Although each asset protection plan is unique to the circumstances, most will have the similar goals, including:

• Establishing a legal barrier between you and your assets.
• Insulating your family wealth from potential liability by minimizing the economic incentive to sue.
• Deterring workplace lawsuits by requiring mandatory arbitration of disputes as a condition of employment.
• Integrating new or existing estate or asset protection planning into a solid legal strategy for protecting your net worth against attack, while avoiding unnecessary estate taxes and related costs.
• Periodically updating, annually is best, to ensure it keeps pace with your changing family, business, and financial circumstances.

However, be aware that all asset protection plans and providers are not created equal. There is, unfortunately, a seedy side of the asset protection industry. It includes those who run scams in the guise of providing asset protection plans or who mislead people about their organization or qualifications.