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Home/Glossary/Asset Protection

Protection

Asset Protection

Strategies used to safeguard a person's wealth from claims of creditors, lawsuits, or other legal liabilities.

In More Detail

It involves structuring assets through trusts or joint accounts to isolate personal wealth from business risks.

Related Terms

Nomination

A process where an asset holder authorizes a nominee to receive the asset in the event of the holder's death.

Will

A legal document that sets forth your wishes regarding the distribution of your property after death.

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