Yet year after year, around 20 million people are involved in lawsuits in the United States alone. These lawsuits can stem from family issues such as divorce or inheritance, from health issues, employee disputes, natural disasters, and even unhappy business partners.
Even if you think you are immune – the truth is that you are always at risk for an unexpected lawsuit.
These days, people have become more and more concerned about making sure their assets are protected from taxes, divorce, creditors, and lawsuits. Anyone who has seen success (primarily in their business, private practice, real estate endeavors, or investments) is at risk.
Many seemingly normal behaviors could put you and your assets at an increased risk. If you are engaging in any of the following activities, you should be aware of the inherent risks involved.
While it is true that all of these activities increase your risk, it is also true that they are activities that are often signs of success! Here at Stafford Law Firm, we don’t want to discourage you from leading a successful life, but we do want to help make sure you and your hard-won assets are protected.
We can help! We have the experience necessary to assist with your estate planning and your business planning in order to ensure that your success is protected.
Determining the correct level of asset protection planning for your particular situation requires careful consideration. We will be sure to take into account insurance, marital agreements, LLCs, corporations, asset protection trusts, gifts, and asset segregation.
There are numerous strategies available to you when it comes to asset protection both during your life and after you have passed. To determine which strategy best suits your needs, schedule a free consultation to get started.
Asset protection planning is an important part of any good financial plan. An asset protection plan is designed to help protect your assets from creditors, lawsuits, and other claims. There are various techniques you and your asset protection planning lawyer can use to limit your risk of losing valuable assets.
The best asset protection plan will depend on your particular situation. Oftentimes, trusts are going to be the most effective way to protect your assets. A well-designed trust can protect many of your most valuable assets from creditors, lawsuits, claims, and other legal threats.
Working with an experienced asset protection attorney will give you the best chance at protecting your personal assets from a lawsuit. An attorney will be able to advise you on what you should do with trusts, retirement accounts, corporations and LLCs, and homestead exemptions in order to be protected.