They must be prioritized with other lifetime goals and objectives. Any plan should be consistent with your lifestyle and manner of operations. In short, you must be able to live with the asset protection plan you develop. Asset protection planning requires compromises and trade-offs. The more control one has over an asset the greater the risk of a creditor obtaining it.
Many people are uncomfortable giving up any significant degree of control.
A balance between control and safety must be structured. Tax and financial planning are also part of asset protection. An asset protection plan may increase your tax and reporting burden. Many entities require additional accounting fees, legal costs, forms and returns. Liquidity and return on investment may also be affected.