Asset Protection Insurance As An Alternative To Trusts And Foundations

Background

There are many definitions afforded the term "asset protection". As it will be used herein the term is analogous to protecting assets from economic and financial predators. These predators can take many forms from unrelenting litigants, creditors, shareholders, family, partners, government, to other interlopers bent on attaching or acquiring assets in hand. Traditional legal asset protection has included the use of insurance but only in relation to a specific risk to a particular asset (ie. property and casualty, theft). Until recently insurance did not exist in regard to protecting a wide variety or portfolio of assets collectively held in an estate. An insurance innovation now exists that will protect assets by defending them in court against adverse claimants and will replace the assets if successfully attached. Most variations of asset protection historically involved creating a corpus to