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Asset Protection |
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Asset protection involves planning to protect your assets from future lawsuits or judgments by rearranging the ownership of the assets so that they are beyond the reach of potential creditors. The creation of family limited partnerships and limited liability companies are common asset protection devices. Common methods of protecting personal assets from the risks of a business include creating a corporation, a limited partnership, a limited liability company, and a limited liability partnership. Find an Asset Protection attorney in your area.
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choate lien
a lien that requires no further action to be made enforceable and that identifies the lienor, the property subject to the lien, and the amount of the lien
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