What types of assets can be protected by asset protection law?

Asset protection law in Maryland helps people protect their assets from creditors. Types of assets that can be protected by asset protection law include real estate, investments, business assets, cash, retirement accounts, life insurance, vehicles, jewelry, and antiques. Real estate assets that may be covered by asset protection law include residential and commercial property, as well as land. Investment assets that may be protected include stocks, bonds, mutual funds, or other financial products. Business assets that may be covered include a business’s inventory, accounts receivable, cash on hand, and intellectual property. Cash assets are also eligible for protection under asset protection law. Retirement accounts such as 401(k)s, IRAs, and pensions may be protected, as may life insurance policies and annuities. Vehicles, jewelry, and antiques may also be covered by asset protection law. This can help people protect their personal possessions from creditors, as well as gains made from the sale of those items. In addition, asset protection law also covers intangible assets such as intellectual property, patents, and copyrights. In summary, asset protection law in Maryland allows individuals to protect their assets from creditors. This can include real estate, investments, business assets, cash, retirement accounts, life insurance, vehicles, jewelry, antiques, and intangible assets.

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