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Asset protection is an area of law in which your attorney works with you to ensure that the assets you have worked to accumulate are legally safeguarded from third parties.
In this episode of Money Made Easy, financial adviser Dan Danford, CFP®, CRSP®, MBA, answers a reader's question about asset protection strategies.

It is best to implement an asset protection strategy early to avoid the appearance of fraudulent transfer and to ensure you will be protected should the unexpected arise. It is much easier to create an asset protection strategy when the creditors are hypothetical future collectors and not creditors currently knocking on your door.

The current economic climate is a great time for borrowers but a lousy time for savers, according to financial adviser Dan Danford, CFP®, CRSP®, MBA.

Because of the severe recession, the Federal Reserve has lowered interest rates to the lowest rate in roughly 50 years.

While this was done to stimulate borrowing, which is beneficial for the economy, low interest rates mean low risks and thus low returns for savers looking at investment vehicles.

In this episode of Money Made Easy, Danford shares basic economic principles and helpful financial tips on different investment types.

When should you start thinking about purchasing a long-term care coverage policy?

That's the question posed to financial adviser Dan Danford, CFP®, CRSP®, MBA, in this week's episode of financial advice show Money Made Easy.

Danford outlines the four things every man should consider when deciding to purchase long-term care coverage.

Evidence suggests a person's behavior has more effect on financial success than income, and no matter what your income level is most people wish they earned 10% more.

Financial adviser Dan Danford, CFP®, CRSP®, MBA, shares tips to create financial success and how to overcome the three money disorders that impact a person's ability to achieve their financial goals.

Wills and trusts are two different types of estate planning devices that allow you to look into the future and determine how you can protect your children and your assets if something were to happen to you.

Financial adviser Dan Danford, CFP®, CRSP®, MBA, said many people use the terms wills and trusts interchangeably even though there are major differences between the two.

Danford explains the disparity and in what situations people are more likely to need a will or a trust. He also suggests that any asset protection estate planning document should be handled by an attorney. For a small fee you can ensure a lifetime of peace of mind, according to Danford.