Our firm has expertise in assisting clients with the arrangement of their finances, real property, and other assets in a manner that minimizes their exposure to potential creditors. We are well versed in establishing trusts, determining insurance needs, creating estate plans, and organizing investments and business entities so that our clients are able to enjoy the highest level of confidence in the security of their accumulated assets.
To protect assets from litigation and creditors, our firm has working knowledge of:
- Domestic and offshore trusts
- Domestic and offshore business entity formation
- Exempt asset protections under state law
- Negotiation and preparation of pre and post-marital agreements
A creditor who initiates litigation against a person who has placed his or her assets into a trust, a foundation, or other entity will find that there are very few collectible assets actually owned by the person they wish to sue. Assets owned by a properly structured trust, foundation, or other entity are generally not subject to claims against their beneficiaries. In addition, placing assets into an asset protection entity may have the additional benefit of removing those assets from a person’s taxable estate.
We know how to evaluate current client holdings and work with our clients to identify the best ways to legally protect those holdings from a variety of creditors, whether through civil suits involving negligence or malpractice.
The exact strategies employed by our firm may vary depending on the client, the nature of the assets, the country of origin, and the tax regulations that apply to those assets. The ultimate goal is to effectively protect assets in a manner that is effective, legal and ethical.
Insurance alone does not always adequately protect against all of these threats. We help clients protect their wealth using a variety of strategies including the use of special trusts, business entities and other legal arrangements.