Instead of personally owning your house, money, and other assets, it can be advantageous to transfer them into an Asset Protection Trust which is useful for bloodline planning, flexibility of inheritances, and reducing or eliminating costs in administering your estate (so your beneficiaries inherit more of your money). Although not guaranteed, it may also protect against your assets being used to fund long term residential care. Perhaps the biggest benefit: your beneficiaries will inherit immediately on your death rather than waiting months or even years for your estate to be administered.