Asset Preservation
Asset protection planning, or asset preservation, is a process where individuals or entities reposition certain assets from nonexempt—meaning they are subject to creditors’ claims—to exempt . What is important to remember is that you are not allowed to begin the asset preservation planning process during a legal dispute. At that point, it may be too late. Therefore, strategic financial and estate planning should begin now, so you can help ensure you, your family, and their future is protected later.