Full service estate planning and tax attorneys for the North Carolina Sandhills.

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Is Asset Protection legal and moral?


Definitely.  Protecting one’s assets is a legitimate goal and many of the strategies and devices used in Asset Protection are also used for and grew out of legitimate business purposes and techniques.  Morally, you should protect your assets in order that you are not a burden on society and can support yourself and your dependents.  Also, taking business risks promotes prosperity in society and builds wealth for your family’s well-being if successful.  If unsuccessful, you can limit the damages to all concerned by appropriately using asset protection.  Bankruptcy is for those who fail to use proper protection – but even then as a society we have decided it is important to give bankrupts a “fresh start” by cancelling their debts.