1) Asset Protection During a Lawsuit

Asset protection trusts offer a way to transfer a portion of your assets into a trust run by an independent trustee.

2) Financial Privacy

One of the benefits of asset protection planning is privacy. You can keep what type of assets or the quantity of property you own to yourself. You can also reduce your “visible” net worth by using asset protection planning as well.

3) Avoiding Lawsuits

Some individuals will target individuals if they know they have assets to pay for a judgment. If you can make it look like you less, that can dissuade others from asserting legal claims against you.