Nobody Expects to be sued!
But thousands of Americans are sued every year.
But millions of people are sued every year for many reasons: divorce, inheritance, health issues, creditors, employees, theft, changing markets, malpractice suits, sexual harassment claims, natural disasters, and disgruntled business partners are just a few issues that can result in devastating lawsuits for unprepared business owners. So now, more than ever, protecting one’s assets should be a priority.
You May Need Asset Protection planning
Just think about the activities that you engage in every day. Would you be signing loan documents any time soon? Perhaps a personal guaranty? Do you rent properties? Do you have employees? Are you a professional, perhaps an attorney or physician? Do you work in construction? Do you perform professional services? Are you getting married? Do you have children from a prior marriage or separate property assets you are bringing into the marriage? Engaging in all these activities do not come without risk. But don’t be discouraged; you should engage in all these activities.
…That’s where we come in. We can set up your business and life structures to ensure that you can take the maximum risk with minimum worry.
We assist our clients in determining the appropriate level of asset protection planning for their particular circumstances. We will consider insurance, prenuptial agreements, asset segregation, choice of jurisdiction, gifting, LLCs, partnerships, corporations, and asset protection trusts. Customized combinations are layered depending on the needs of the client and as appropriate.
Here are some things to consider when thinking about Asset Protection:
There are many different strategies to protect your assets while you are alive and after you are gone. To find out which strategies may be right for you, contact us for a Legacy Session.