LLC | LP | Corporations | Pension Plans, IRAs, Or Any Self Directed Retirement Fund | Real Estate, Personal and Investment | Irrevocable Trust | Triangle The Asset Protection Triangle The concept of protecting one's assets is the method used to protect your lifestyle for a lifetime. True asset protection is achieved by structuring one's assets so, NO ONE or entity, other than those you have pre-selected, can ever touch those assets. Basic Asset Protection The basic asset protection device used in our asset protection planning consists of: A Limited Partnership (Family Limited Partnership), A Limited Liability Company to act as the General Partner of the partnership, A trust to act as the majority owner of both the LP (FLP) and the LLC. Let's look at the basic benefits of each part of our basic asset protection techniques and see what they are and how they compliment each other.