• Asset Protection
  • April 22, 2010 | Author: Beth S. Cohn
  • Law Firm: Jaburg Wilk, P.C. - Phoenix Office
  • In a volatile economic climate, such as the current economic downturn, there is a significant increase in litigation cases and bankruptcy filings. When economic times flourish, people focus on acquiring assets and doing “deals”. During slower times, people may look for an opportunity to protect their assets from potential creditors’ claims. There are planning tools -- entity selection, separation of personal and business assets, homestead exemption, adequate insurance, retirement account funding and gifting -- that may protect your assets.