It seems that it would be in an artists best interest to convey all his/her intellectual property and equipment, house, car into a few solid trust organizations and have other trusts perfect liens on those trusts as well.

It just seems that if a record deal went the wrong way, and the big boys tried to come after your stuff, they couldn't get it, because the "stuff" is no longer yours.

Maybe have a LLC partnership in the mix in which you are just a hired on manager and rent the stuff from the trusts.