How can one define "asset protection"?

Asset protection refers to various strategies and practices designed to safeguard an individual’s wealth from potential creditors, lawsuits, and other financial risks. This can include legal tools and structures, such as trusts, limited liability companies, or insurance policies, which help to shield assets from being seized in the event of significant financial distress or litigation.

The other options, although related to financial management, do not directly pertain to the concept of asset protection. Investing in high-risk securities focuses more on the potential for returns rather than safeguarding assets. Setting aside funds for retirement is an important financial planning strategy, but it does not specifically address protection from creditors. Similarly, maximizing investment returns through risk emphasizes growth potential rather than the safeguarding of existing wealth. Thus, the definition most closely aligned with asset protection is the strategy of safeguarding wealth from creditors.