Asset Preservation
Definitions
- (n.) The legal strategies and actions taken to protect assets from loss, waste, or unlawful claims.
The lawyer advised on effective asset preservation to safeguard the client's wealth during litigation.
Related terms
See also
Commentary
Asset preservation is often addressed within estate planning, corporate law, and creditor-debtor contexts to maintain asset value and availability.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.