Why Are Asset Protection Strategies Important? (English)

Guest Speaker: Attorney Paul P. Cheng
Language: English

When should you start your asset protection planning? Now. The general rule is – you need to start planning before your creditors start making claims against you. While there are several ways to go about protecting your assets, many are not effective if your creditors have already made a claim against you, or some other financial liability has arisen. Why? Because in many cases, if you transfer your assets after a claim has been made, the transfer may be considered fraudulent. In other words, the courts may say that you transferred your assets in order to avoid paying your debt.

Topics:
• Why is Asset Protection Necessary?
• Asset Protection Strategies
• Are All Assets Subject to Risk?
• Limitations to Asset Protection Strategies