Legal Information Notice: This checklist provides general educational information only. It is not legal advice, does not create an attorney-client relationship, and may not apply to your jurisdiction or circumstances. Laws and deadlines vary. Do not rely on this checklist for a specific legal decision or deadline; consult a qualified attorney licensed in the relevant jurisdiction.
“Asset protection usually works best before the threat appears—not after.”
- ☐ Don’t wait until litigation begins.
- ☐ Don’t transfer assets casually.
- ☐ Don’t assume an LLC automatically protects everything.
- ☐ Understand entity separateness.
- ☐ Maintain proper records.
- ☐ Identify personal exposure.
- ☐ Identify business exposure.
- ☐ Identify real-estate exposure.
- ☐ Identify guarantees.
- ☐ Identify insurance gaps.
- ☐ Review ownership structures.
- ☐ Review trusts where appropriate.
- ☐ Understand fraudulent-transfer risks.
- ☐ Understand jurisdiction.
- ☐ Ask about timing.
- ☐ Ask about tax consequences.
- ☐ Don’t confuse privacy with protection.
- ☐ Don’t assume offshore means protected.
- ☐ Understand compliance obligations.
- ☐ Document legitimate business purposes.
- ☐ Keep personal and business finances separate.
- ☐ Review existing creditor claims.
- ☐ Ask about professional conflicts.
- ☐ Understand ongoing maintenance.
- ☐ Don’t treat an asset-protection structure as a magic shield.
Premium Checklist
Exposure Map
☐ Personal assets.
☐ Business assets.
☐ Real estate.
☐ Investments.
☐ Guarantees.
☐ Professional liability.
Structural Review
☐ Entities.
☐ Ownership.
☐ Insurance.
☐ Trusts.
☐ Contracts.
Timing Test
☐ Is there pending litigation?
☐ Is there an existing creditor?
☐ Are transactions ordinary and legitimate?
☐ Has specialized counsel reviewed timing?
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