Asset Protection Planning and Debt

No, absolutely not.  If you owe someone a legitimate debt, asset protection planning is not going to remove your obligation to pay the debt. In particular, if you intentionally incurred a debt or obligation and then placed your asset in a trust or some other asset protection vehicle, this will be deemed a fraudulent transfer and the law will not protect you.

Jackie Bedard
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Attorney, Author, and Founder of Carolina Family Estate Planning