Asset protection planning is a smart way to protect your assets from creditors. Unfortunately, there is a lot of misinformation about assert protection on the internet, resulting in people making costly mistakes.
Here are some asset protection mistakes you should avoid:
- Going the DIY route
- Transferring your property when you have a pending lawsuit or claim
- Putting assets in a revocable trust
- Transferring all your assets to your spouse
- Using off-shore investments or hiding assets