Legacy Counselors At Law

Asset Protection

What is Asset Protection?

Asset protection refers to a set of techniques, strategies, and laws that aims to protect assets belonging to individuals and businesses against the claims of creditors who are attempting to legally seize the assets.

While creditors engage in developing and planning for the best debt collection strategies, debtors use asset protection planning for additional security. A debtor who owns significant personal assets may choose to use asset protection to shield his/her assets in case of a payment default.