Question

Planning for the possibility that your home might get struck by lightning and catch on fire is part of a plan for _____.

a. financing
b. managing income
c. managing liquidity
d. protecting assets please select the best answer from the choices provided a b c d

Answer 1

Planning for the possibility that your home might get struck by lightning and catch on fire is part of a plan for protecting assets. Correct answer: D Asset protection is the process of ensuring that your property is safe from judgment creditors. Asset protection planning is the debtor's side of creditor-debtor law.

Answer 2

The answer is letter D.

Planning for the possibility that your home might get struck by lightning or caught on fire is part of a plan for protecting assets.