At its core, all estate planning has some element of asset protection.
Our attorneys meet with our clients to review their assets and discuss their preferences on how to have the assets preserved or distributed after their death. We help them ensure that their assets pass to (or are used for the benefit of their) intended beneficiaries and not unintended “beneficiaries” such as the Internal Revenue Service or creditors. Often, the appropriate use of a trust, a limited partnership, or a limited liability company, can mean the difference between having assets available to provide for the lifetime of a child versus making assets available to the child’s creditors. We work with our clients to help them balance between outright ownership and protective structures to enhance their asset protection planning.
If you have any questions regarding Asset Protection Planning, contact us here.