What Is An Asset Protection Agreement
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Asset Sale Agreement
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Asset protection planning is the process of building barriers around your assets, whether those assets are personal or business, to keep them safe. In simple terms, asset protection helps you protect your money and possessions from the threat of a potential threatening claim or liability.Asset protection uses legal strategies to shield your personal and business assets from lawsuits, creditors, and financial disputes. An Asset Protection Trust (APT) is a special type of Trust that's used to protect your estate and assets from creditors. Domestic asset protection trusts are fiduciary arrangements you can set up in a handful of US states. Asset protection planning is a set of legal strategies to protect assets from creditors, divorce, lawsuits or judgments. It refers specifically to a plan developed and enacted to keep your assets (real estate, stocks, bonds, and cash, personal property, and any other assets) safe. It refers specifically to a plan developed and enacted to keep your assets (real estate, stocks, bonds, and cash, personal property, and any other assets) safe. Many U.S. laws protect assets in the event of lawsuits, bankruptcies, and collection agency actions. 2 You can also purchase an asset protection plan.