Asset Protection

Asset protection involves different strategies and techniques for protecting one's property, savings, and investments. Asset protection supplements having adequate insurance and minimizing exposure to risk.

Certain asset protection techniques involve relatively simple strategies such as transferring or gifting property to others (such as a spouse) who is less likely to be at risk from a lawsuit. Any asset protection strategies must be undertaken with careful analysis of all relevant facts and circumstances to avoid the application of South Dakota's "fraudulent transfer" rules.

Other, more advanced asset protection techniques include:

• Spendthrift Trusts
• Life Insurance Trusts
• Limited Liability Trusts
• Family Limited Partnerships
• Private Annuities
• Exemption Planning
• South Dakota Asset Protection Trust