Legal Question in Banking Law in Massachusetts

Re: securing asets from creditors/law suit

The question is too broad to answer without a factual background. There are a number of ways to limit ones liability depending upon the circumstances, from having inheritances placed in a trust that can't be invaded by you, with a third party as trustee to formation of LLC or Corporation; to a variety of things depending upon the circumstances.

Without more details it is impossible to give any responsible advice.

Re: securing asets from creditors/law suit

There is no "best way" or it would be the only one used. Every techniques has pros and cons and you should consult with an attorney about your desires, intent, types of assets, and short/long-term goals before settign up trusts, corporations, etc.