General objective of this article is to explain significant facts on Asset Planning. A good asset management plan (AMP) is often a tactical plan with regard to managing an organisation’s infrastructure along with other assets to supply an agreed common of service. Commonly, an asset managing plan will cover more than a single asset, taking a technique approach – especially where a number of assets are co-dependent and are required to work together to deliver an agreed common of service. In ways, asset protection planning is merely a debtor’s part of creditor-debtor law. The creditor is most interested in the methods along with strategies of collecting debt while debtor is more interested in the techniques along with strategies of safeguarding their most valuable asset from a potential creditor.