Assets Protection Planning
Asset protection planning is a process that is done in advance of any creditor claims to protect assets against future risks by transferring assets to different types of entities. These techniques are designed to deter potential creditors from going after your wealth using different legal strategies.
Life is full of surprises, and as a business owner, you need to be prepared for an eventual lawsuit. The uncertainty of lawsuits makes more and more business owners wonder what would happen if they were to get sued. Ask yourself the following questions:
Are my company and personal assets protected under established laws against lawsuits? What is your liability exposure in case you get sued?
Our law firm can help you identify what assets are legally at risk or exposed in case you get sued, and determine what needs to be done to protect these assets in the most efficient manner.
Why do I need it? It’s recommended to protect the assets of entrepreneurs involved in high-risk businesses such as income-producing property, professional services, and for wealthy individuals that want protection against unexpected legal claims.