If you have ever contemplated protecting your assets from the claims of others (creditors, spouses in divorce, personal guarantees, etc.), you have likely wanted to find a “magic bullet” to cure your problems and calm your concerns. However, you likely quickly found that no such magic bullets actually exist. On the other hand, you also found that careful and thoughtful planning may solve your problems if your concerns were those of your loved ones or, if your concerns involve more distant possibilities as opposed to actual current problems.
For those interested in this area of the law and how we arrived at our current rules, please read this excellent article written by one of the renowned national experts in the field, Jay Adkisson. http://goo.gl/GW6XM8. Enjoy!