Asset protection planning is about protecting your assets from creditors -- and it is not just for the wealthy
Anyone can be sued. Lawsuits can extend from credit card debt, car accidents, bank foreclosures, and many other things. If someone wins a monetary judgment against you, your family could become bankrupt just trying to pay it off.
To keep your assets away from creditors, you need to move them somewhere where creditors can't reach them. To develop an asset protection plan, let’s get in touch. We can discuss your short- and long-term financial goals and help you create a plan that will work for you.
It is important to note that asset protection planning only works if you act before you are sued. Under the law, you may not defraud current creditors. If you are already being sued or if you know you are going to be sued and you transfer assets so that creditors can't reach them, the court will reverse the transfer. That is why it is a good idea to put a plan into place now -- before it is too late.
Let’s take action.