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Asset protection (sometimes also referred to as debtor-creditor law) is a set of legal techniques and a body of statutory and common law dealing with protecting assets of individuals and business entities from civil money judgments. The goal of asset protection planning is to insulate assets from claims of creditors without perjury or tax ...
Umbrella coverage provides an extra layer of financial protection against liability claims. Even if you don’t have high-value assets or elements that pose a higher level of risk, it might be ...
One of the key benefits associated with a PCC facility is that the assets of each individual cell are statutorily segregated to ensure that a claim against one cell cannot be covered by the assets of another cell. [3] The IRS defines a PCC as a legal entity formed by a Sponsoring Organization under the laws of a specific domicile.
Liability insurance (also called third-party insurance) is a part of the general insurance system of risk financing to protect the purchaser (the "insured") from the risks of liabilities imposed by lawsuits and similar claims and protects the insured if the purchaser is sued for claims that come within the coverage of the insurance policy.
A series limited liability company, commonly known as a series LLC, protected cell company, segregated account company, or segregated portfolio company, and sometimes abbreviated as SLLC, is a form of a limited liability company that provides liability protection across multiple "series" each of which is theoretically protected from liabilities arising from the other series.
At its most basic level, home insurance provides financial protection against various perils, or damaging events, that may affect your home, such as theft, fire and storms. Taken further, it also ...