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Asset Protection Rule #1: Have it in place before you need it
Asset Protection Rule #2: Plan ahead
Asset Protection Rule #3: Asset Protection is not Insurance
Asset Protection Rule #4: Business Assets or Personal Assets
Asset Protection Rule #5: Don't confuse control with your alter ego
Asset Protection Rule #6: This isn't Tax & Estate Planning
Asset Protection Rule #7: Avoid a repatriation order
Asset Protection Rule #8: Watch for provisions in the bankruptcy code
Asset Protection Rule #9: K.I.S.S. (Keep it simple stupid)
Asset Protection Rule #10: Full disclosure

There are several benefits to using a trust for asset protection.