Asset protection (sometimes also referred to as debtor-creditor law) is a set of legal techniques and a body of statutory and common law dealing with protecting assets of individuals and business entities from civil money judgments. The goal of all asset protection planning is to insulate assets from claims of creditors without concealment or tax evasion.
Read more about Asset Protection: Overview, United States Legislation, History
Other articles related to "asset, assets, asset protection":
... The asset-protection trust is a trust that splits the beneficial enjoyment of trust assets from their legal ownership ... owners of equitable interests in the trust assets, but they do not hold legal title to the assets ... Thus this kind of trust fulfills the goal of asset protection planning, i.e ...
... In asset protection arrangements, ring-fencing can be employed through segregating specific assets and liabilities into separate companies of a corporate group ...
2011 Stein, Jacob A Lawyer's Guide to Asset Protection Planning in California (Klueger Stein) 2011 Stein, Jacob Asset Protection for California Residents (Klueger ...
... Asset protection planning began to develop as a stand-alone area of the law in the late 1970s ... with the advent and the marketing of offshore asset protection trusts ... Engel is credited with the introduction of that concept and the development of asset protection trust law statutes in the Cook Islands ...
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—Laurence Sterne (1713–1768)
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