Most Americans either have an ineffective or incomplete estate plan, or simply do not have one at all. Do you already have a plan in place?
A scary statistic is that it is possible to lose up to 50% of your estate in taxes and probate costs if your estate plan is not properly setup. To avoid this, a Revocable Living Trust is a tool that would be important to have setup and use. It will help to reduce and even eliminate estate taxes, keep the details of your estate private, and most important to avoid having to go through probate.
To learn more about estate planning as a means of asset protection, you can learn more, along with other strategies, here: Estate Planning