Is it too late to protect yourself after you are sued?

Not necessarily, but you’ll find it more difficult to do so and you’ll have fewer protective options once you are sued. Moreover, it may be too late in the sense that your assets may already be attached. As we said earlier, you then also have to be more mindful of the fraudulent transfer laws or the possibility that the court may unwind your plan. Still, a defendant to a lawsuit has the absolute right to attempt to shield his or her assets, even after a lawsuit has commenced.