So, asset protection planning is really two coins; one is planning to protect the client’s assets from the client’s own creditors, or planning to protect the inheritance that someone – the heirs are gonna receive from the heirs problems or creditors or bad marriages.

So, protecting the client’s assets from their own creditors is more difficult than protecting the inheritance. To protect a client’s assets it’s about how their assets are titled, maybe creating a trust in a certain jurisdiction that will allow the assets to be protected from creditors while still having access to them. Maybe creating an entity to hold the assets in that will isolate the asset from creditors, or creating an entity so that, if you have an asset that could have a liability – like a piece of real estate – its liability is not going to invade or infiltrate your other assets. So, the idea is to isolate and insulate.