Asset protection refers to the legal strategies and techniques used by individuals and businesses to safeguard their assets from potential threats, such as lawsuits, creditors, or other risks.

Asset protection can involve a variety of methods, including establishing trusts, forming limited liability companies or partnerships, creating offshore accounts, and purchasing insurance policies.

The goal of asset protection is to shield assets from potential claims or losses, while still maintaining legal and ethical standards. Asset protection can be an important part of estate planning, business planning, and wealth management, and can help individuals and businesses preserve their hard-earned assets for future generations.

However, it is important to note that certain asset protection strategies may be illegal or unethical and should be carefully evaluated and implemented with the guidance of a qualified professional.