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As a definition, Asset Protection is the use of techniques and entities to insulate family and business assets from claimants. The aim of many affluent families is to render themselves unattractive to claimants and make it difficult to attach to or place a lien on their assets.

Asset Protection Business Planning
Our legal system (unique in the world) enables the poorest person with the weakest complaint to bring legal action against anyone of any means.
Strategies designed to assure business owners a comfortable and organized exit plan while maintaining the business or its value for descending family members at minimal transfer taxation.
Taxation Employment Practices
By far the greatest paring of individual as well as family wealth. Strategic professional planning is required in order to minimize all levels of taxation and retain wealth.
Employee suits can be devastating to family business owners.
 
How Being At Fault While Not Financially Responsible Works
While sitting at a traffic light waiting for the green light, you are slammed from the rear by a drunk driver who never saw you and didn't even attempt to stop. Clearly, you are an innocent victim with no fault in the accident.

Impact of Litigation on Small Business
Most companies used business assets to pay the damages. However, in the case of employee complaints, insurance covered some of the damages.  Owners mentioned that the payment of damages nearly put them out of business, which affected them for a long period of time as they worked to rebuild the business and recoup their losses.
 
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