Asset Protection and Limiting your Liability

You’ve worked hard. You may have a house, substantial savings, perhaps a business. But are your assets protected from certain taxes, liabilities, and creditors? Planning against certain liabilities should be paramount in order to protect what you’ve worked so hard for.

The practice of asset protection involves preserving your individual wealth or the assets of your business by minimizing the risk that various creditors can find and take your hard earned assets. We will work with our clients to create different types of wealth preservation strategies based upon their needs, protecting them, their families, or their businesses from financial crisis, catastrophic judgments and future creditors.

Asset protection strategies and services vary on the type and location of the property you own, but include:

• Estate planning
• Business-succession planning
• Creating limited liability entities and other corporate structures
• Establishing domestic and offshore asset
  protected trusts
• Family financial planning through various types of trusts, wills and powers of attorney
• Exempt maximum asset protections under state law
• Obtaining long-term health insurance
• Providing tax-saving strategies
• Establishing family limited partnerships
• Financial workout negotiations with creditors
• Negotiation and preparation of pre- and post-marital agreements

Without creating the right strategy and safeguards, years of your hard work and success can be at risk. We are committed to protecting our clients, whether business or individuals, from potential financial crisis.

For more information, please contact our office at: (310)734-6666 or email one of our attorneys with your questions at: info@rastegarlaw.com.