Yes. One vehicle is by forming an LLP (Limited Liability Partnership) to hold your assets. Although it is quite technical, there are many advantages to holding title to your assets in an LLP as opposed to a corporation. It is also possible to set up a foreign trust to hold title to your assets. Although none of these vehicles can provide 100% assurances that your assets will be protected from creditor claims, the goal is to make it so difficult and expensive to challenge your estate plan that most creditors will simply abandon the claim, or be unsuccessful in thier collection efforts. It has been estimated that 2/3 of creditors faced with a well drafted asset protection agreement will abandon the claim, and that only a small percentage of the remaining 1/3 will be succesful.
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