Strategies to shield wealth from creditors, lawsuits, or other claims.
Description
Asset protection involves legal and financial strategies to safeguard assets from potential risks, such as litigation, bankruptcy, or divorce, commonly used by high-net-worth individuals and family offices. Techniques include trusts, offshore accounts, or limited liability entities, designed to deter creditors while complying with laws. Effective asset protection requires early planning, as last-minute transfers may be deemed fraudulent. It balances wealth preservation with tax and estate planning.
