Once upon a time, asset protection was something only the extremely wealthy worried about and made sure they created.
But today, nearly 50 percent of Americans have something to save for heirs and loved ones. The only legally binding way to achieve the aim is by creating an asset protection plan, say the attorneys and asset protection planning experts at York Howell.
Why? A new infographic reveals the top ten reasons.
Let's start with the top two. First, York Howell proposes, an asset plan ensures that assets go to whom you designate, not to whomever the courts deem worthy.
Second, when minor children are involved, only an asset plan can help designate guardianship and potentially provide long term support.
To see all the reasons to create an asset protection plan, check out the complete list here.