Protecting Personal Wealth
Most of our clients have accumulated wealth through hard work, personal initiative, and entrepreneurial skill. Whatever your situation, our goal is to help you build and protect these assets, whether you'bere planning for your own retirement or for the security of future generations.
We help our clients preserve their wealth and protect assets from litigation, burdensome business regulations, the malfeasance of investment advisors, divorce, and general litigation.
Our clients rely on us for guidance in structuring their business affairs. From the formation of limited liability entities such as corporations, to offshore investing, to plans for leaving assets in trust for family members, we help our clients to protect their assets in legal ethical structures.
Limited Liability Business Structures
Structuring businesses in a limited liability form, such as corporations, limited liability companies, limited partnerships, and joint ventures is a prominent aspect of asset protection. We apply our knowledge of state and federal laws and our expertise in business structures to developing business strategies that promote the growth of your business without encumbering it in unduly complicated entities.
Many federal and state laws, as well as homestead exemption laws, and even secrecy laws, are in place to protect personal and retirement plan assets from the claims of third parties bankruptcy. We apply our knowledge of these laws to helping you structure your business affairs in a way that protects your interests, while complying with regulations governing business conduct. We are particularly conversant in the special provisions of qualified Retirement Plans and Individual Retirement Accounts, and how those assets can be protected from creditors.
There are also times when doing business under tax and regulatory rules in states such as Delaware, Nevada or Alaska, or in foreign countries such as Switzerland, the Cayman Islands, or other jurisdictions may be favorable to our clients. These Asset Protection techniques are opportunities to bring great benefits to our clients personally and to their businesses.
Domestic Relations
Prenuptial agreements assure a clear understanding between parties as to division of assets in the event of a divorce or death. These agreements frequently come into play in late or second marriages where there are significant assets, children from prior marriage, and complex inheritance issues. Concise planning and clear communication regarding division of assets gives you peace of mind and helps avoid the risk of misunderstandings in the future.
Estate Planning
A well structured estate allows clients to distribute assets as they wish, protect families from financial uncertainty, support valuable charities, and preserve hard earned wealth.
Leaving substantial assets to a spouse or children may also involve plans for addressing beneficiaries' inexperience in handling large sums of money. Therefore, in the area of estate planning there are many opportunities for protecting assets. We are also experienced in Special Needs Trusts which are utilized to assist members of the family enjoy the assets bequeathed to them without making them ineligible for available government assistance programs.
Asset protection techniques are also commonly used when clients give assets to charities while retaining a flow of income for their lifetime or the lifetime of family members. We assist clients in obtaining tax deductions for charitable planning, thus protecting assets from taxation while also protecting assets from the claims of future creditors.