Common Asset Protection Mistakes

There is a lot of misinformation floating around out there when it comes to asset protection. A lot of people who might consider creating an asset protection plan operate under some common misunderstandings that are spread by people who don’t have much experience with the process. Anytime you have a legal question or need advice about asset protection, you need to speak to your estate planning lawyer right away. Until then, let’s take a look at some of the common mistakes people make because they don’t know enough about asset protection. Mistake 1. You don’t have an asset protection plan because you don’t want to do anything illegal. If there is one thing you should understand about asset protection, it’s this; asset protection is not illegal. A lot of people mistakenly confuse asset protection with tax evasion, money laundering, or other criminal activity. When lawyers talk about asset protection, they’re not talking about illegal activity. Instead, they’re talking ab


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