Q: How can I protect my assets from lawsuits?

A: One of the best ways to protect your assets (especially for those in high-risk professions such as doctors, lawyers, and engineers) is through an Asset Protection Trust. There is a look-back period, which is the time between when you transfer assets into the trust and the time the assets become protected. The look-back period can vary per state, but most states’ look-back period is four years. To learn more about Asset Protection Trusts and other potential options to protect your assets, see: Asset Protection Trusts: How Do They Work?.