Protecting your assets as well as your family legacy should be a vital part of solid estate planning. By creating an asset protection (or preservation) plan, you will ensure that your wealth and property are safe from any potential lawsuits or creditors.
You never wanted to be a financial burden to your family so that such planning will provide peace of mind to you and them. In establishing an asset protection plan, you can protect your family in ways that may include providing assets to a surviving spouse; maintaining assets to pay for your medical care or long-term care, and providing an inheritance to your heirs and beneficiaries.
