Jeffrey M. Verdon Law Group, LLP

Given the degree of frivolous litigiousness in America these days, you need to structure your assets so that they are protected from potential creditors. Even after retirement, your assets are vulnerable to alleged damages from prior professional acts or accidents - including those caused by family members or subcontractors. A financially secure individual could be subject to large, unforeseen claims. But with proper planning, you can minimize these threats and safely protect your wealth.

Asset protection is another way of keeping your assets within the family's control. It should be consistent with your estate planning goals of reducing taxes and maintaining your standard of living while at the same time ensuring that your assets are eventually distributed as you desire.

Here are a few of the most effective hyena traps you can set up: