By Jessica L. Estes
Asset preservation is simple; all it takes are three easy steps. First, know the rules. Second, know your predators. Third, know your options.
There are two sets of rules: rules that apply during your lifetime and rules that apply after your death. During your lifetime, your named financial and health care powers of attorney will be able to act for you with respect to your finances and medical/end- of-life decisions, respectively. These are your rules. If you do not have these powers of attorney, you should get them; otherwise, your loved ones will have to apply for legal guardianship of you.