Under our overly complex and sometimes incomprehensible tax system (income, gift, estate and generation skipping tax), dollars earned are often no measure of dollars kept; and furthermore in our hyper-litigious society, the legal form in which an asset is maintained can make the difference between keeping or losing it. Thus, the process of “entitization”, or creating vehicles such as trusts, LLCs, family limited partnerships and corporations to accumulate and protect wealth and to transfer equity to the next generation, has become a focus of wealth preservation planning.