While risk permeates everyone's lives, those who have assets- businesses, professional practices, trust funds, stocks, bonds, real estate and other wealth face a special risk of being the target of lawsuits. Discover how your vulnerability might be by protected by calling 781-816-9001 and making an appointment now. Let us help you protect your assets and your family's security.
An asset protection plan might include:
★ Off shore and domestic trusts;
★ Family limited partnerships, LLC's, and s-corps;
★ Using and forming limited liability companies, trusts and family partnerships;
★ Preparing and filing homesteads;
★ Holding real estate if married as tenant by the entirety;
★ Obtaining insurance;
★ Removing titles to property from the person likely to be sued;
★ Real estate trusts.
There are other legal techniques that may be used. Please call 781-816-9001 today and make an appointment for a consultation.
Other important information:
Asset protection must be done before you get into financial trouble and especially before you enter into contracts or personal guarantees. After trouble occurs, debtor planning or bankruptcy planning may be necessary, not asset protection planning.
If an asset protection plan is put in place after a claim arises any transfers will be at risk of being deemed as fraudulent. There is also a risk that it may be difficult to get a discharge in bankruptcy.