Definition of Asset protection:
Safeguarding ones wealth against those who may have claims against it (creditors or former spouse, for example), often by converting it into an offshore asset-protection trust and thus keeping it out of the jurisdiction of local courts.
How to use Asset protection in a sentence?
- When invested in a marriage in which finances are particularly one-sided, people often seek asset protection through the medium of offshore accounts.
- I needed some asset protection because people might want to take claim over my money and get it for themselves.
- You should do your best to have good asset protection so that you can be sure that it always keeps its value.
Meaning of Asset protection & Asset protection Definition