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    emma08482 9 days ago Permalink

    More lawsuits are filed in the United States each and every year than in the rest of the world combined. Many of these lawsuits may seem frivolous, but you can never be sure of what a judge or jury will decide. This is why every estate plan needs a comprehensive asset protection component.

    What should your plan help you accomplish? For starters, it must protect you and your spouse from lawsuits, financial predators and creditors while you are alive and well. Your plan should also protect the inheritances of your children against similar threats after you and your spouse have passed away. You children may need protection in the event of divorce and/or remarriage. Your grandchildren’s inheritances might need protection if your child passes away and your son-in-law or daughter-in-law remarries. Your children might even need protection against making poor decisions if they are not yet mature enough to manage an inheritance on their own.

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