The operation of not-for-profit organizations today is much more complex and litigation against not-for-profit organizations much more rampant. The exposure of the assets of not-for-profit organizations to liability goes further than just the loss of the assets themselves and/or the insolvency or winding up of the not-for-profit. Directors of these not-for-profit organizations may now also be faced with possible legal action being brought against them personally by donors, members, third parties and governmental authorities for breach of their fiduciary duties as directors. Given the threats to both not-for-profit organizations and their directors, there is developing an urgent need to protect their assets from future lawsuits and creditors and to do so on a pro-active basis.