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Friday, November 2, 2012

A Measure of Protection, Just in Case

In his Wealth Matters column this week, Paul Sullivan talks about protecting your assets in case you're sued. While he notes that you can never completely protect yourself, you can take steps to discourage people from pursuing you.

A big mistake that many people make, a wealth adviser told Paul, is that they assume the worst will never happen to them. But if nothing else, Hurricane Sandy - a storm that seemed to come out of nowhere - serves as a reminder that the worst can happen.

Tell us about your efforts to protect your assets for yourself or your heirs. What did you learn from the experience? And what advice can you offer to others?