• Alec Baldwin’s 10-acre estate in Amagansett in New York’s Hamptons was put on the market for $29million last week
• Legal observers tell DailyMail.com the decision may be part of an effort to shift and potentially shield assets from lawsuits that could cost him a fortune
• The legal experts speculate Baldwin could be tempted to place millions into a trust for his eight children or buy property in Florida

Tagged: Hollywood