Asset Protection Asset Protection is a general heading for a number of legal areas.  As we progress through our lives we accrue more assets and value which we should be protecting from attack.  This attack can come in various guises, and we at Websterlaw will guide you through the process to put in place an asset protection plan to suit your individual requirements. For those of you who are self employed, we would look at a structure that could include a company and a trust or even a trading trust.  For people in second or subsequent relationships we would advise a structure that could include a family trust or even multiple trusts.  In every case we would carefully examine your situation and customise a solution to fit the circumstances.  We would also examine the risks and the costs so that if it were not worth the effort or the cost, then a more simple structure would be recommended.   Asset Protection is usually achieved by isolating the "Family Jewels" from attack from outsiders.  The usual dangers are exposure to business risk, unwittingly sharing property that has a separate legal status with partners or spouses, children getting nothing from your estate and having too many assets of value to qualify for benefits.  We use a range of legal ideas to protect your assets, such as companies and trusts, and taylor make up an asset protection plan for you.  There is no one answer fits all here.  We sit down with you and carefully go over your situation, examine the dangers that could arise and put in place.

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