Asset Protection Planning
There are many things in life you may want to protect. Asset protection planning is designed to protect your wealth during your life. In order to protect your assets from the risk of seizure by an adverse party, it is essential to organize your assets and affairs in advance using the most favorable entities, agreements and system of laws. Our goal is to achieve the greatest level of protection that you are entitled to.
As you set up your plan, you have several purposes. First, it is helpful to give your creditors some type of realistic incentive to settle their claim against you, Next, you want to do whatever you can to give yourself a better bargaining position. By presenting these options to a creditor when a claim is made, you may be able to persuade your creditor not to file the lawsuit.
Keep in mind, the purpose of asset protection is not about creating secret accounts to hide money from taxes or legitimate creditors. One way to avoid impropriety is to take proper steps for asset protection well before any claims appear on the horizon. To develop an asset protection plan, speak with your attorney. Your attorney can discuss your short and long term financial goals and help you create a plan that will work for you.
At The Law Offices of Justin M. Gilbert, we would like to help you put together a comprehensive and legal plan to protect your assets before it is ever necessary to protect them. We have the experience to do so in a way that is tailored exactly for your financial situation. Please call us and find out how we can help you get a plan to protect your hard-earned assets from future predators and frivolous lawsuits.