Asset-Protection Planning Ethical? Legal? Obligatory?

Professional advisors to high-net-worth individuals have responded to our society's perceived litigiousness by developing a subset of estate-planning services known as asset-protection planning that is, planning designed to place assets beyond the reach of potential creditors.1 But some professionals, particularly lawyers, question whether they should be assisting clients in such an endeavor. Specifically,

Professional advisors to high-net-worth individuals have responded to our society's perceived litigiousness by developing a subset of estate-planning services known as asset-protection planning — that is, planning designed to place assets beyond the reach of potential creditors.1 But some professionals, particularly lawyers, question whether they should be assisting clients in such an endeavor. Specifically, they question whether asset-protection planning is ethical or even legal.

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