Why Irrevocable Trusts Protect Assets


Especially if you own a business or commercial property, asset protection can be a big concern for you.  The possibility of legal claims and constant existence of creditors make it even more important to have an asset protection plan so that you don t run the risk of losing everything through some unexpected turn of events.  There are different ways to legally protect your assets, including irrevocable trusts.  Not every type of trust can accomplish proper asset protection.  Here is why irrevocable trusts work. The primary goal of asset protection Creating an asset protection plan involves a careful analysis of your assets and appropriate organization of those assets in a way that provides protection against risk or loss.  A common misconception is that asset protection requires some type of fraud or hiding of assets.  However, when done properly and within the bounds of the law, asset protection is entirely legal.  You can be prepared for any unexpected situation that would ot
http://www.norcalplanners.com/blog/estate-planning/irrevocable-trusts-protect-assets/

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