Asset Protection
Strategies to safeguard your wealth and assets.
Asset protection is the concept of protecting one's wealth from creditor claims. Our asset protection strategies are designed to shield your assets from potential future creditors, lawsuits, and other risks. We implement legal structures that place your assets beyond the reach of potential creditors while ensuring you maintain control over them.
Our Process
Risk Assessment
We analyze your personal and professional risks to identify potential vulnerabilities.
Asset Inventory
We conduct a comprehensive review of your assets to determine the appropriate protection strategies.
Strategy Design
We develop a customized asset protection plan utilizing the appropriate legal structures for your situation.
Implementation
We assist in implementing the recommended strategies, including entity formation and asset transfers.
Ongoing Monitoring
We provide regular reviews to ensure your asset protection plan remains effective as laws change and your asset portfolio evolves.
Frequently Asked Questions
When is the best time to implement asset protection strategies?
The best time to implement asset protection strategies is before any claims or liabilities arise. Asset protection planning done in anticipation of a known claim may be deemed a fraudulent transfer and can be unwound by courts.
What assets are most vulnerable to creditor claims?
Assets held in your name without any protective structure are most vulnerable. This typically includes personal bank accounts, investment accounts, real estate, and business interests not held in appropriate entity structures.
Is asset protection legal?
Yes, asset protection is legal when implemented properly and ethically. It involves using legitimate legal structures and strategies to protect assets. However, concealing assets, defrauding creditors, or evading taxes is illegal and should never be part of an asset protection plan.
Benefits
- Shield your assets from potential lawsuits and creditors
- Maintain control over your assets while protecting them
- Create separation between business and personal assets
- Protect your retirement accounts and investments
- Implement strategies that discourage potential litigants
- Preserve wealth for future generations
