Asset protection planning can be described as employing legal strategies to preserve and protect a client’s assets. The goal of asset protection planning is generally to put as many obstacles in place as possible so that a future creditor either retreats or decides to settle its claim.
Families with even modest means can often benefit from the asset protection that can be provided through the use of trusts – even revocable living trusts (which allow you to remain in control of your assets at all times and even change your mind later).
We carefully craft estate plans employing many creative strategies, including using “cascading” trusts in order to provide increased asset protection for a surviving spouse and/or for children who will eventually inherit the family assets.
When meeting with clients, we discuss strategies to avoid loss to creditors, lawsuits, and future spouses, among other threats to your estate. Our goal is to keep your assets protected for your family.
With proper planning, your assets will not only remain in your family, but will hopefully grow overtime and provide for generations to come.
