There’s a gambling saying that goes something like, “If you want to
be a winner, you have to walk away from the table a winner.” One
time-honored method of reaching this result is to systematically take
your chips off the table as you win them, so that your potential for
losses stays small.
Asset protection planning is all about taking chips off the table in
good times, so that you still can walk away from the table a winner no
matter what happens in bad times. Those who worry the most about asset
protection are those who are the most likely to get sued; think
obstetricians and, more recently, real estate investors here. But
average folks often get caught up in difficult situations, and thus if
you have something to protect then the topic of asset protection should
at least cross your mind.
Read more @ Forbes.com
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