Some time ago, I had a client that was involved in a serious car accident that was clearly his fault. The other driver and three passengers were seriously injured and the claims may be in the millions of dollars. This client owned a very successful business, rental properties and a personal home with substantial equity. Unfortunately, the client and his wife had not taken the steps to protect their wealth in the past because they didn’t think something like this could happen to them. Other potential liability events include divorce and personal lawsuit claims outside the business operations.