Asset protection

Asset protection,

Definition of Asset protection:

  1. 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?

  1. When invested in a marriage in which finances are particularly one-sided, people often seek asset protection through the medium of offshore accounts.
  2. I needed some asset protection because people might want to take claim over my money and get it for themselves.
  3. 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