Unfortunately, protecting your assets is often a necessity in today’s world. We live in a litigious society where being sued is a real possibility for anyone with assets, not just the super wealthy. Protection is a method of insuring against loss due to a lawsuit, creditors, or long-term care. This type of legal planning is particularly effective for professionals and business owners. It enables them to control the risk to their personal assets as a result of their business and is an important tool in managing the risk of loss associated with long-term care.