Illinois Estate Planning and Elder Law Blog
When clients think about Asset Protection Off-shore trusts or some elaborate scheme of trusts and other entities usually come to mind. However, there are several vehicles that are less complicated that a client can use that will probably suffice for her protection.
Here are some strategies that are not complicated and relatively easy to implement:
- Purchase an Umbrella policy in addition to a Homeowners policy for your home. An Umbrella policy is very inexpensive and will protect you for claims that exceed other policies for your home and auto.