A lot of people look at asset protection planning and think there must be a catch or that there is something sinister, illegal or underhanded involved. We all believe that there is a moral obligation to pay our debts and live up to our promises. Many people suspect that asset protection planning is somehow immoral because it could prevent a creditor from collecting on a judgment entered by a court.
In the United States our justice system, as good as it is, is very unpredictable. Innocent folks get sued and face ever-expanding theories of liability. People get sued just because it looks like they have “deep pockets.” Judgments are taken against people because a court thinks it ought to be that way rather than based on the law.
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