Asset protection is a key part of estate planning. But how and when do you protect your assets? As I explain in the video above, the answer depends largely on what you're protecting, and what you're protecting it from. You may use Wills, Trust, Domestic Asset Protection Trusts, LLCs, corporations, a combination of those tools, or completely different strategies.

Here are two examples:
1) if you own a home and, eventually, have to move into a nursing home, you may want to make sure your home is protected for the next generation and will not be affected by your long-term care needs.
2) or, if you are a business owner, you may want to separate the liabilities of your business from your personal assets.
So what is the best time to start your asset protection planning? The answer is: before you need it. You should plan so that the protection is in place before serious and impactful events occur, not after they occur.

If you would like to discuss your asset protection goals and how best to achieve them, please feel free to use the link on our website (www.LawEsq.net) to schedule a 15 min. call or give us a call (732-521-9455) to set up a time for us to speak.

I hope you enjoy the video!
Neel

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