No one plan is equally effective against every claim. Asset Protection
is much like football. The best defensive positioning in any given case
is the one that can most effectively block a particular offensive line.
Likewise, to protect assets against a routine civil lawsuit would probably
require a far different strategy than one we would use to protect their
assets against divorce.
First and foremost, your plan must effectively protect you against any
known and imminent threats, or the danger that may prompt you to seek
protection in the first place. Yet, you can't always foresee trouble.
A preventative plan gives you a foundation or basic protection.
We then add firewalls to effectively blockade specific threats as they
appear. You can modify a flexible plan to meet each situation. You must
also understand your plan's limitations and consult your advisor whenever
you face a new threat. A more flexible plan also accommodates your personal
Newer, more effective Asset Protection strategies and opportunities should
also encourage you to periodically upgrade your plan. And once a particular
legal threat ends you may want to partially dismantle your plan and eliminate
excessive 'firewalls' that are too costly to maintain and unnecessary
against future claimants.
Great plans are 'modular' in that you can speedily add, delete
or change firewalls. Our objective is to create a modular plan.