Important to any individual or business is planning for the chance of financial difficulty. Part of this planning includes asset protection. When placing assets out of the reach of creditors, the primary strategy centers on most effectively using the asset exemptions allowed under federal and state codes. These exemptions shield assets from a creditor’s grasps should you find yourself in the undesirable position of losing your assets to creditors.
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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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