ASSET PROTECTION PLANNING

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We understand that legal disputes can arise unexpectedly. With over 20 million people involved in lawsuits last year, it’s important to take preventative measures. As your success grows, so does the risk associated with it. Our team specializes in setting up business and life structures to minimize risk and maximize confidence in your endeavors.

Our Approach

Unprepared families and business owners may face devastating lawsuits due to issues such as divorce, inheritance, health problems, creditors, employees, theft, changing markets, malpractice suits, sexual harassment claims, natural disasters, and disgruntled partners. It is important to be aware that the highest level of risk falls on those who think they are immune. In today’s world, Americans are increasingly concerned about safeguarding their assets from pandemics, creditor claims, taxes, divorce, and other disasters. This is particularly true for those who have experienced success as their increased visibility often makes them more vulnerable. Here is some of the “risky behavior” you might be engaging in at this moment without knowing it:

  • Will you soon be signing loan documents, a personal guarantee, or a lease?
  • Do you have rental properties or employees?
  • Are you an attorney, physician, or other licensed professional?
  • Do you work in construction or perform services for others?
  • Are you divorced, or getting married into a blended family?
  • Do you have children from a prior marriage or separate property assets?

Our goal is to promote and encourage your engagement in these activities that enrich your life. However, we understand the importance of balancing creativity and leisure with the demands of daily life. That’s where our expertise comes in. We specialize in developing tailored business and life structures that allow for maximum opportunity and minimal stress. Our clients benefit from our guidance in determining the most appropriate level of asset protection planning for their unique circumstances.

Book Your Consultation

If you’re ready to get started, you can book your free 15-minute consultation with the link below. If you need more information, please browse the rest of the site and find out all the ways we can help you with your Life and Legacy Planning.

Book a 15-Minute Consultation

What We Do

We assist you in devising a personalized strategy that maximizes asset safeguarding, in conjunction with establishing a life and legacy plan, which serves as the cornerstone for any supplementary planning required. Our services are thoughtfully crafted into customizable choices for you and your loved ones, and all fees are pre-agreed upon and flat-rate to eliminate any unforeseen costs.

  • Lifetime Asset Protection Trusts For Your Beneficiaries
  • Domestic Asset Protection Trusts
  • Qualified Domestic Trusts
  • Qualified Personal Residence Trusts
  • Foreign Asset Protection Trusts
  • Family Protection Trusts
  • Other Irrevocable Trusts Depending On Your Circumstances

Frequently Asked Questions About Asset Protection Planning

Appropriate assets for an asset protection trust must be carefully chosen. Once identified, these valuable assets can be transferred to safeguard them from unknown and future creditors. This transfer safeguards your assets while you are alive and even after your death, protecting them from the IRS. However, there are downsides to transferring valuable property into an asset protection trust. These drawbacks involve possible exposure to creditors’ claims, relinquishing control over the transferred asset’s management, and gift tax consequences resulting from the transfer.

Determining which assets should go into an asset protection trust depends on your unique situation, including your state of residence, office location, business organization, and asset location. Despite some assets being forever protected, each state determines which ones are considered “exempt.” In some states, exempt assets include clothing, jewelry, tools, and household furnishings, while in others, additional assets such as life insurance and social security benefits are exempt.

For optimal asset protection planning, it is imperative to work with a lawyer who is experienced in dealing with such situations on a daily basis. Your hard-earned assets and loved ones deserve the utmost care and attention, which cannot be achieved through online forms, internet software, or DIY templates. Choose professionalism and security for yourself and your family.

Our fees are set on a flat-fee basis to provide transparency and eliminate any surprises. We understand that cost is a sensitive topic and we invite you to attend our upcoming educational events where we cover our unique meeting process and fee schedule. This will enable you to make an informed decision about the next steps for you and your family. Unfortunately, we cannot provide fee quotes over the phone or online.

If you have a retirement plan, federal law does not allow creditors to reach that asset. This applies to profit sharing, pensions, and 401(k) plans. However, both traditional and Roth IRAs may not be protected depending on the situation. We work closely with you so that you know the exact situation in your case and can make the right decisions from an asset protection planning perspective.

Asset protection planning can be effective when properly executed. It is based on the principle that almost any asset you possess can be seized by a creditor, while any asset you do not own cannot be taken from you. The objective of asset protection is to separate legal ownership of your assets from your control of them. This allows you to enjoy the economic advantages of your assets while safeguarding them from potential creditors. Please note that we do not create plans with the intention of evading known or foreseeable creditors, as such planning would be inadequate at that stage.