Asset protection planning
Asset protection planning, even at its base level, is no area for rookies or do-it-yourselves. Asset protection evolved after numerous experimentation.
is now a coalescence of several branches of law, taking the eclectic features of civil law, commercial law, remedial law, criminal law, tort law, banking law, insolvency law, taxation, land titles and deeds and others. It is a study of legal structures (organizations), devices and methods of insulating properties and diminishing liability or lawsuit exposure. The prime object of asset protection is to help you avoid fraudulent conveyances and to restructure your financial affairs with the goal of diffusing or minimizing the risk of loss from potential suits.
Law schools do not teach asset protection law as a separate discipline. Asset protection law has remained a complex enigma, even to most lawyers. The intricate secrets of asset protection law have largely remained unknown to most students of law who may know only the rudimentary “limited liability” principles found in corporation law and limited partnership law. Many Filipinos have asked the age-old question: “How should the family estate be legally protected?” This book may help provide some answers to this legal inquiry.