Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

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Wednesday, January 23, 2013

Asset Protection Seminars May Not Give the Best Advice

UnknownAsset protection seminars could end up being a scam. Typically, in these seminars, the presenter will stir up fear about gold-diggers filing frivolous lawsuits to get your money.  Then the presenter offers a solution that always leads to a family limited partnership or an asset protection trust in a favorable jurisdiction. 

In reality though, asset protection is better dictated by each individual's objectives and circumstances. One key concern surrounding asset protection is implementation costs.  A certain approach may provide you with a bullet-proof solution, but it could cost a large amount to implement. Insurance is one potential asset protection solution that is fairly low-cost for most of the population. 

See Todd Ganos, Beware of Asset Protection Scams, Forbes, Jan. 20, 2013. 

http://lawprofessors.typepad.com/trusts_estates_prof/2013/01/asset-protection-seminars-may-not-give-the-best-advice.html

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