AuthorJeffrey Robert Matsen
ProfessionFounder and managing partner of Matsen Voorhees Mintz LLP
Asset Protection Planning
Business persons have always been concerned about the exposure of their personal assets to claims against
their businesses. Certainly, protecting one’s assets from the myriad risks involved in business and personal
financial planning is not a novel objective or planning idea. The corporate form of business entity, with
its shield of limited liability, has been invoked by professionals for centuries to protect those personal re-
sources. Over the last few decades, expanding theories of liability and the proliferation of litigation have
given increased emphasis to Asset Protection Planning to the extent that it is now a well-recognized area
of practice. It certainly comes within the concept of lifetime Estate Planning—involving the protection
and conservation of accumulated wealth or asset base.
Shield of Liability
Business owners, physicians, and real estate investors must always be extremely concerned about poten-
tial liability against their personal assets, arising from the operation of the business or ownership of the
real estate. Entities such as Corporations, Limited Liability Companies, and Limited Partnerships exist in
part to prevent this potential personal liability.
•Corporations are formed to operate businesses and shield the corporate owner from personal
liability against creditors of the business.

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