The first step in an asset protection strategy is to confirm the exact ownership interest of each of your assets and determine if a creditor would attach it. Assets should be sheltered in properly structured entities. Asset protection strategies can include the use of many tactics, such as transferring ownership of assets. There are various ways to transfer ownership of assets and many entities and devices in which to shelter them for protection. In an asset protection plan, it is not necessary to use all the tools that are available; however, having a working knowledge of what it is available to you will help in determining the proper structure for your asset protection plan. Protecting your assets encompasses more than just safeguarding them from lawsuits. You want to strive to protect your estate for generations to come.
To learn more, contact a Nevada Corporate Headquarters representative at 1-800-508-1729.