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.

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Question: My name is on all the bills and I want to shut off electric, phone, cable, computer. She has a job, but I have paid these bills for the two years of our marriage. The problem is that, now that we are getting a divorce, she is running all the bills up by apparently leaving the water running and the lights on. She has also upgraded to the most expensive cable and Internet plan.
by Dorothy Ripka of Cordell & Cordell, P.C.
Digital communications, like e-mail, instant messaging and increasing text messaging using a wireless phone, has opened new lines of communication between people. This includes couples facing 




