Asset Protection

Asset Protection

Let Noble, Montague, and Moul help you secure your assets.

Asset Protection

Asset protection is a component of financial planning intended to protect one's assets from creditor claims. Individuals and business entities may use asset protection techniques to limit creditors' access to certain valuable assets while operating within the bounds of debtor-creditor law. 

Asset protection is an important goal for everyone. As we grow older it is even more important for our children and ourselves. To find ways to protect your hard-earned money from probate, Medicaid and taxes, contact a member of our firm.
Asset Protection

Asset Protection Information Request

About Asset Protection

Asset protection (sometimes also referred to as debtor-creditor law) is a set of legal techniques and a body of statutory and common law dealing with protecting assets of individuals and business entities from civil money judgments. When the debtor has significant assets, asset protection may be the solution.
  • How does asset protection work?

    It is achieved through the process of asset protection planning, which means taking assets that are subject to creditors' claims, called nonexempt assets, and repositioning them as assets that are out of the reach of creditors' claims, called exempt assets.

  • Why is asset protection important?

    The goal of a comprehensive asset-protection plan is to prevent or significantly reduce risk by insulating your business and personal assets from the claims of creditors.

  • What is a living trust?

    Trusts are used for a variety of reasons. They are valuable for avoiding probate and maintaining privacy in one's affairs. They can also provide for special needs regarding a loved one, like a handicapped child or an elderly relative. The creator of the trust can be his/her own trustee, thus making it economical and private.

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