That’s because what you do after a claim rises could be undone by “fraudulent transfer” law. Many things you can do will effectively provide asset protection before a claim or liability arises, but few things will afterwards. Keeping in mind the law school adage that "General rules are generally inapplicable", the following 10 rules should always be kept in mind when you try to take your chips off the table. But in this calculation, it is not just about protecting assets but also about making sure that one does not end up in jail for contempt or bankruptcy fraud for engaging in the process.
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