Many people would rather not think about it, but it is true: We live in a highly litigious society and people today seem to sue one another over just about anything. Worse, no one can know what may happen when faced with a jury, regardless of how frivolous a lawsuit may appear.
Even under the best circumstances, the people you love the most may need protection from themselves, such as those who suffer from drug or alcohol dependency, or who lack the maturity to handle a large inheritance on their own or who simply need protection from frivolous suits of their own. All of this helps explain why Asset Protection Planning is such a rapidly growing area of the law and why it is so important for you to have a plan expertly tailored to your specific needs - particularly if you or your heirs are a physician, attorney, CPA, business owner, real estate developer, or member of a profession that is subject to an unusually high number of lawsuits.