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Asset Protection Planning

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​The United States is perhaps the most litigious country in the world. Every time you invite someone to your house or drive your car, you are putting yourself at risk for a law suit. For business owners, the risk increases dramatically. A good asset protection plan will help you reduce or even virtually eliminate this risk. Asset protection is best explained in layers.
For example:
  • Know and use state protection laws to their fullest extent. Every state protects different assets at different amounts (e.g., annuities, home, car, wages, retirement accounts, cash-value life insurance, etc.). We can help you identify those laws in your state and use them to protect your assets as much as possible.
  • Hold appropriate insurance coverage. Insurance has its limitations, but it is important to work with a trusted insurance agent to identify your recommended coverages and obtain those coverage amounts. We work with several qualified agents who can help.
  • Understand and properly use legal business entities and structures. We can help you understand the pros and cons of different business entities and where and how to best structure them to protect both your business and personal assets.
  • In certain situations, consider using domestic or foreign asset protection trusts. For more advanced protection needs, an asset protection trust can be a powerful tool. These are very different from a revocable individual or family trust (which do not protect assets at all, at least while you are alive). We can help you understand when and how to use these tools.
Many companies and even attorneys purport to understand and practice asset protection, but not all are created equal. You can count on our attorneys at Inter Vivos to provide relevant, accurate information or even a second opinion about how to best protect your assets while minimizing costs and unnecessary tax filings. Give us a call at (855) 335-1060 to learn more.

E-book: "Estate Planning For Sharks and Big Fish"

Today's world is filled with risks and regulations. Even the biggest and most fearless fish in the sea can sometimes be brought down if they are not prepared for it. Our upcoming E-Book, "Estate Planning for Sharks and Big Fish" outlines critical considerations for high net worth individuals, capitalists, and professionals to avoid the traps laid for them of  taxes, lawsuits, and other estate considerations which are all too common in the waters of life.

Learn More