In this litigious and uncertain world, clients are increasingly concerned about asset protection — how to make sure assets are used for their intended purposes and for the benefit of the intended beneficiaries and not diverted to a creditor or other third party. Clients are not only concerned about formal creditors, they are also concerned about individuals who learn about the assets and seek to take advantage of the beneficiary. Trusts and gifts, if properly structured, can provide significant protections from these creditors and predators, while still providing for flexibility to the beneficiary.