Any asset registered in your own name is at risk. Let that sink in for a moment.
It is at risk with insolvency, it is constantly at the hands of creditors, the government and even your spouse in the instance of a divorce.
A solution is to own nothing, yet control everything.
In order to protect your assets, one goal is to put as much distance between the ownership of the asset and yourself.
You should have an understanding on Holding Companies, their Subsidiaries and the role of Trusts and where you fit in.
If one have to explain it to a five year old. Company A will be the owner of an asset, which it will lease to Company B which in turn will use the asset to create an income. Should Company B run into financial difficulty, there is no assets to claim during insolvency. This example establish one layer of protection.
The generation of wealth happens over time and takes blood, sweat and tears and can be lost in the blink of an eye. It starts small and takes a lifetime to accumulate and we don't want to appear at the end just to find ways to protect it but rather be there from the beginning to guide you to accumulate, structure and manage it to provide a passive income for generations to come.
Every Tom, Dick & Harry has a Private Company but still runs it like it is a Sole Proprietor which defeats the purpose of having it in the first place for it renders very little protection or tax benefits. Don't be to hard on yourself for our education system is not set up in order to protect you but rather to make you the model employee.