You have worked hard throughout your life to build up your estate, so it is important to do everything you can to protect what you have earned. Part of any good estate plan is going to be evaluation of your exposure to creditor liabilities or litigation risks. There are many different threats to your assets, and planning for all of them can be difficult. Our team can help by analyzing your situation and taking steps to protect your family from the most likely risk that may present itself.
Asset protection strategies involve analyzing your exposure and coming up with the best plan to minimize loss of assets. When done properly, we’ll find the right balance between protecting your assets and still having them available to you when they are needed. We’ll also help ensure that these strategies can be updated over time to keep them in line with your needs.
Asset protection should go hand in hand with your overall estate planning. As you get older and your exposure risk increases, there will be more and more options available for protecting the assets you own. Once your initial estate plan and asset protection strategies are in place, you should make sure they are updated every few years. Do not wait for creditors to show at your door. It is too late to do planning then.
You don’t have to try to handle your asset protection strategy on your own. We’ve helped many people from New York with this type of effort, and we would be honored to help you as well. Whether you are just starting a business, graduating into a highly litigious profession, or entering retirement, we are here for you.