Positively. Some planners, for example, title the home to international asset protection trusts – a strategy we generally do not use because it is cumbersome. Other planners use domestic asset protection trusts with the drawback that the trust is irrevocable.
We have many creative ways to keep the family home from the wolves. Sometimes the answer is common sense, such as leasing the home to a friend or relative for a low rent would create a negative cash flow to the creditor who forecloses on his judgment. This arrangement will make the property less desirable to a potential creditor.
