How do you protect non-qualified money from any type of lawsuit or action that may arise in the future ?
There are many strategies for protecting your money from creditors. The type of strategy that is right for you depends on who your potential creditors are and the type of assets you are trying to protect. There are pros an cons to all asset protection strategies. You should consult an experienced asset protection lawyer in your area.
Disclaimer: This answer is provided for informational purposes only, does not constitute legal advice, and does not create an attorney-client relationship. Actual legal advice can only be provided after completing a comprehensive consultation in which all of the relevant facts are discussed and reviewed.
There are many different strategies. Your question is too broad and requires the specific attention of an attorney. You should contact an attorney to create a plan that is right for you.
This content is informational only and does not establish an attorney-client relationship.
As mentioned by Counsels, there are many ways of protecting assets be it through formation of LLC's, creation of Trust Instruments, Investing in Insurance policies to name a few. What is best for you really depends on what you do as a Professional, the kind of liability you are exposed to. Asset Protection is a very specialized are of law and you should certainly consult with an experienced Counsel. Good luck to you.
DISCLAIMER: This answer is provided solely for informational purposes only. This answer does not constitute legal advice, create an attorney-client relationship, or constitute attorney advertising.