Asset protection is generally considered to be the area of the law in which one plans to shelter his assets from future lawsuits, divorce, and creditors. Many of our clients are concerned about their children/beneficiaries losing their inheritance in a divorce or to a car accident lawsuit or malpractice claim. They are relieved to know that we offer advice and guidance on the protection of their children/beneficiaries’ inheritances from their own creditors, divorces, or child’s/beneficiary’s own financial indiscretions. In the case of your children/beneficiaries, this planning is not limited to future problems but could also cover existing creditors. Since there can be a fine line between legal asset protection and criminal behavior, it is imperative that planning take place at the earliest opportunity.
Services May Include:
» Counseling with the repositioning of assets;
» The setting up of Trusts, partnerships, or other entities;
» Trusts within your own Living Trust for the protection of your children/beneficiaries.