Getting started on an asset protection plan can be a daunting process, and most individuals don’t realize that the best way to approach asset protection is to do it early; long before you are aware of a lawsuit, or get involved in a business or major investment. There is also a sensitive and often complicated nature of asset protection, with specific laws and regulations that will help shield your assets from creditors. Therefore, the attorney you choose must know these laws, in order to help you create a viable plan.
Fortunately, you don’t have to go through it alone. Porter Law Group helps clients to find legal ways to protect assets when lawsuits, bankruptcy, creditor claims, or other liabilities arise. We will guide you through developing the plan to make the most out of your strategy.
Taking action through Porter Law Group will help to protect yourself, your family, and your business. We will work with you to discuss advantages and disadvantages of certain asset protection tools. Some of these tools include corporate structures, asset protection trusts, private retirement trusts and retirement plans that will assist you to make the most of your asset protection, while helping to keep it within the bounds of the law. Our attorneys have extensive knowledge and experience and will work closely with you before a problem may arise, and we will develop asset protection strategies such as a Family Limited Partnership (LLC), Irrevocable Life Insurance Trust (ILIT) or a Dynasty Trust that will maximize your ability to protect your legacy against unexpected events and unforeseen changes in the lives of your beneficiaries.