Asset protection (sometimes also referred to as debtor-creditor law) refers to a set of legal techniques and a body of statutory and common law dealing with protecting assets of individuals and business entities from civil money judgments, creditors such as trusts, partnerships and international entities. Asset protection help minimizes the risk of loss from unexpected hazards of businesses and individuals. This law has shielded and protected many families from business failures and lawsuits. There are many programs available to help an individual or business minimize or avoid tax liability. Asset protection strategies vary depending on factors such as country of residence and citizenship, age, or annual net income. Lawyers are usually involved in the design and management of an asset protection strategy. Strategies of asset protection include, amongst others, insurance, tilting, formation of entities, trusts, privacy plans, equity stripping, and family limited partnerships.