Attorneys Determine Your Asset Protection #doctor #personalfinance #money #investing #fyp

Doctors think this is the way asset protection works, that there's this category, oh, that's protected and this isn't protected. And, you know, the truth is that it's whatever works out in court, right? Some things are pretty clear and we know pretty much how they're going to work. Other things are not so clear. So if you went into court with assets in Missouri, in a lawsuit in Kansas, or vice versa, right. The prosecution is going to argue for the state, the laws that are most favorable to them, and the defense is going to argue for the state laws that are most favorable to them. And it's going to come down to the judge, jury or whatever, and you hope for the best, which is that the better laws are the ones that are used in the case. But I don't think there is a definitive answer in this, and I'm positive you talk to an asset protection attorney that they'll give you a similar answer because they're always waffling on stuff like this because nobody knows, right. There's some case law, but it basically comes down to the battle of the attorneys.