Trusts can protect your assets, save on taxes and provide security for your family. Insurance trust as asset protection device. IRAs, Keoghs and other pension plans. Surprisingly, the answer would depend upon whether you intend to file for bankruptcy. More than any other kind of debt, debts incurred for medical services are probably the most debilitating to anyone's financial well-being.
Medical debts are the leading cause of personal bankruptcies and home foreclosures.
Transferring assets to family members or friends to put them out of reach of creditors. How can you avoid falling into this trap. Avoid fraudulent transfers. How to protect yourself as a judgement creditor. Ten ways to locate a missing debtor.