It is important to ensure that your hard earned assets are protected from creditor claims. Asset Protection must be implemented before there are any known creditors. If you have assets you want protected, call Dana Law Firm today.
Asset Protection is the “catch phrase” that so many people talk about and search on the internet, yet most do not understand what it is, or what it can do to benefit them. Briefly, Asset Protection is anything that can protect your assets from becoming part of a judgment or attached by a creditor. This can be due to divorce, bankruptcy, personal injury or civil lawsuit. The list goes on and on how assets can be protected, from the very simple – Corporation or Limited Liability Company to the more complex – such as a Prenuptial or Post-nuptial Agreement, Family Limited Partnership, or Irrevocable Trust, including a Nevada Asset Protected Trust or even an Offshore Trust. Most often, an Asset Protection plan will include a combination of some of the different entities and/or trusts that Dana Law Firm provides.
Upon meeting with one of the highly qualified attorneys at Dana Law Firm, your attorney will first inquire as to what assets are involved and establish to what extent the asset is exposed to liability. Liability exposure can vary from remote to very high probability, depending on several factors, including the type of asset, how it is used, the owner’s profession, as well as the owner’s personal lifestyle. The hard truth is that if you are a successful professional or entrepreneur who has assets and cash to show for years of hard work and success, you automatically become the unfortunate target of malicious and often times unwarranted legal attacks. Often times, a person has liability exposure and has no knowledge as to the extent that such exposure could be harmful. Anytime you have accumulated assets of value, you should consult with an attorney to fully understand what your exposure is, and more importantly, how to minimize or eliminate such exposure.