5 Things You Need To Know: Asset Protection

The money and property that you’ve worked hard all your life to build i.e., your nest egg, your savings and all that you own are also known as your assets. The dictionary (Dictionary.com) defines assets as:

assets.

items of ownership convertible into cash; total resources of a person or business, as cash, notes and accounts receivable, securities,inventories, goodwill, fixtures, machinery, or real estate (opposed to liabilities ).
Accounting. the items detailed on a balance sheet, especially in relation to liabilities and capital.
all property available for the payment of debts, especially of a bankrupt or insolvent firm or person.
Law. property in the hands of […] Read more