What is the best time to do asset protection?

The best time to do asset protection is long before a creditor threat is foreseeable. This means you should do asset protection:

• At least 2 years before you file for bankruptcy.
• Before your marriage turns sour and heads for divorce. (Preferably, if you wish to do specific pre-marital/pre-divorce planning, and a pre-nuptial agreement is not an option, then it’s best to set up your program before you get married.)
• Before someone threatens you with a lawsuit.
• Before your business starts going under.
• Before the IRS decides to audit you.

I think you get the picture.

Can we do asset protection after threats to your wealth arise? Except for when it’s too late to do asset protection, the answer is often yes. BUT, your asset protection program will definitely be stronger if it’s set up before your wealth becomes threatened.