If you own assets located outside the above identified categories, there are other types of planning that may be implemented to help protect those assets from personal judgment creditors. Such additional planning may consist of the creation of an irrevocable inter vivos asset protection trust for the benefit of a spouse for life with remainder to the descendants in asset protection trusts. It may also consist of the creation of a limited liability company and/or a limited partnership to receive title to certain types of assets you may own. Asset protection planning is not a cookie cutter type of planning. Each individual's needs and the types of assets he/she may own is unique. There are certain tools that may be utilized in asset protection planning, but how those tools are implemented is different for each individual.