Asset protection planning is generally regarded as a sub-specialization within the estate planning field.  "Estate planning" refers to the process in which individuals and families manage their business and personal affairs with regard to wealth preservation, tax strategies, and succession planning.

 

When we assist clients with asset protection planning, we usually do so during the estate planning process when we consider the potential for our clients' exposure to future creditors and claims that might otherwise be able to reach our client's assets and the assets of our client's family. Particular asset protection technique examples include planned gift giving, either outright or to irrevocable trusts, the use of limited partnerships, and, in more elaborate asset protection planning cases, offshore trusts.

 

The field of asset protection planning is fraught with danger. Unless properly planned, attempts to shield assets from creditors may be set aside under a given jurisdiction's fraudulent transfer restrictions.  We believe that it remains critical to enlist the help of a team of competent professionals who can assist their clients with a viable asset protection strategy.

 

Click here to contact our estate planning lawyers now and learn how we can help protect, preserve, and grow both your business and your personal estate.