Asset protection – like estate planning – must be continuous. You may hurriedly protect yourself if you are sued, but letting your plan fall into disuse once the threat passes can be costly. You must change your asset protection plan as your finances, obligations and personal situation change. Laws and strategies also change, and each necessitates changing your asset protection plan. You should review your plan at least annually and more frequently if you have a major change to your finances or personal affairs. It takes time, cost and effort to enjoy lifelong protection, but that's a small price. If you allow your protection to erode because it's no longer important to you, you again become vulnerable.