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Adkisson Pitet LLP
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Home   /   Blog   /   rider   /   Page 1 of 1

rider

The Role Of Liability Insurance In Asset Protection Planning

The Role Of Liability Insurance In Asset Protection Planning

May 09, 2022

Quite absurdly, some planners who think that they know something about asset protection planning will actually tell their clients something like, "Once you have your asset protection plan in place, you can give up your insurance coverage because you will not need it anymore." This is a hidden sales pitch here, because the planner is trying to make the client think that the money that they save on insurance will offset the cost of their asset protection plan (which will, of course, usually just be some junk planning). This is just crazy, for all the reasons set forth above, and a very good indication that such a planner doesn't have the first clue what they are doing. And they don't.

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Adkisson Pitet LLP
  • Adkisson Pitet is a law firm in Orange and San Diego Counties, California, and Las Vegas, Nevada, concentrating principally on Litigation and Writs & Appeals; Creditor-Debtor; Captive Insurance; Government Investigations & White Collar Defense; and Business Transactions, Employment Law, Tax Controversy, and Estate Planning. Our practice primarily covers California, Nevada, and Arizona, but we are also licensed in Oklahoma, Texas and Hawaii.
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