Asset Protection
/ˈæs.ɛt prəˌtɛk.ʃən/
Definitions
- (n.) Strategies and legal measures used to safeguard assets from claims of creditors or legal judgments.
The company implemented asset protection to shield its funds from potential lawsuits.
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Commentary
Asset protection often involves complex planning such as forming trusts or transferring ownership, requiring careful consideration to avoid fraudulent conveyance claims.
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.