Asset protection is part of financial planning. It is a part of estate planning. It is a part of risk management. It should be well thought out, sensible, and take into consideration the current state of the law.

Asset protection or, more accurately, wealth protection planning, should be an essential component in the development of financial strategies of all who have achieved, or aspire to attain, independent financial success and for those who are fortunate to have inherited family wealth. Modern day financial planning is incomplete without due consideration of wealth protection issues. Another way to look at this area of planning is to consider it as legal risk management. Just as you would carefully asses the risks of your business and plan accordingly, you should also asses the risks associated with managing your assets. They are discussed more fully below.

Any investor, company director, owner, developer or professional involved in business or investing in real estate in the U.S.A. should implement a wealth protection strategy as part of their financial planning arrangements.