Video Blog: What Are Some Risks Involved In Engaging In An Asset Protection Plan?

Attorney Jeffrey P. Coleman details a few risks associated with asset protection plans when they are not properly composed.

Video Transcript:

There are some risks associated in asset protection plans.

If they are not properly constructed: you could lose control of your assets.
If they are not properly constructed: your assets could be placed in risk rather than the opposite of what you were trying to seek;
and if it is not put together properly: individuals could assert that assets were transferred fraudulently, which would be the worst;
you could be exposed to liabilities and no longer have control of the assets.