If you are in a high risk profession (doctor, lawyer, contractor, etc.) or own assets highly susceptible to liability (rental real estate, commercial vehicles, etc.), a lawsuit could devastate your personal holdings.  Steps should be taken, through a variety of means, to limit your liability exposure in today's litigious climate.

An asset protection plan can be as simple as creating a limited liability company ("LLC") or as complex as placing your assets in a special Domestic Asset Protection Trust ("DAPT").   It is never too early to start protecting what you have worked so hard to accumulate.