Which strategy is not typically associated with protecting assets?

Investing only in high-risk ventures is not a strategy typically associated with protecting assets. The primary goal of asset protection is to minimize the risk of loss and safeguard one's wealth. High-risk investments inherently involve a greater chance of losing capital, which directly contravenes the intentions of asset protection.

In contrast, establishing trusts is a common method used to protect assets, as it can help shield assets from creditors, provide for dependents, and manage distributions. Strategic gifting of assets allows individuals to transfer wealth while potentially reducing their taxable estate, thereby protecting some assets from future taxation liabilities. Utilizing adequate insurance coverage is another key strategy, as it provides a safety net against unforeseen events that could jeopardize one’s financial stability, thereby securing assets from potential losses.

The other options clearly align with the principles of asset protection, emphasizing risk management, longevity of assets, and strategic planning.