More lawsuits are filed in the United States than in the rest of the world combined. As a result, asset protection planning is one of the country’s fastest growing practice areas and why you need an asset protection plan of your own.
Why Asset Protection Planning?
What is an Asset Protection Plan?
Asset protection planning is the process of taking property currently vulnerable to seizure by creditors, predators, and lawsuits and positioning it in a way to discourage lawsuits, provide a valuable bargaining chip if a lawsuit arises, and minimize loss.
An asset protection plan should accomplish two main goals:
1. It protects you and/or your spouse from predators, creditors and others looking to grab a portion of your hard-earned assets while you are alive, and
2. It protects your heirs’ inheritances after you are gone.
For example, you may want to ensure your children’s inheritances are safe if they get divorced—no small concern considering that half of all marriages end in divorce. Or your grandchildren may need protection to ensure they receive their inheritances if your child passes away and your daughter-in-law or son-in-law remarries. Your children may even need protection from their own poor decisions if they are not yet responsible enough to manage an inheritance by themselves.
Working with the Socius Law Firm
The Socius Law Firm can design and implement a plan capable of protecting your assets for your enjoyment today and that of your loved ones after you pass away.
Keep in mind that asset protection planning is only effective if it is done before a lawsuit or other threat materializes. Contact us today!
Satisfied Client Stories
“Reach out to Todd Rosenfield! I highly recommend Socius as an estate planning law firm. He will walk you step-by-step through the process. As our needs or priorities change in life, we plan to continue working with Todd to help advise us to make necessary changes.”
Call Us Today
Call us to discuss your Asset Protection needs.