Inter Vivos, PLLC
(855) 335-1060
  • Home
  • Clients
    • Our Services >
      • Planning For People
      • Planning For Causes
      • Planning For Assets
      • Planning For Business
  • Advisors
    • Our Advisor Program
  • Attorneys
    • Our Planning Team
  • About Us
    • Our Media
  • News
    • Our Blogs
    • EstateMents 2019 >
      • EstateMents Blog

Not That Kind of Asset Protection...

7/3/2015

0 Comments

 
Picture
Today's society has become more litigious, more victim- oriented, and more likely to look for a scapegoat. Consequently, it has become a scarier place for those of us with assets that might look appealing to hungry plaintiff's attorneys. There are times when plaintiff's lawsuits are entirely justified, for instance when your dog mauls the neighbor kid after you negligently forgot to put the lease on him, or when you rented an asbestos filled apartment complex to unsuspecting tenants. But there are also times when a lawsuit is filed on frivolous or fabricated claims, or when a sincere accident could suddenly threaten to take away your home, your livelihood, and all your life's savings in one single sweep.
 In either case, wouldn't you prefer to know that even if you lose, you won't lose your personal and family assets? Makes sense, right? Well that is what asset protection planning does - it limits what can be taken from you, limits your liability, gives disincentives to go to trial, and gives you a more predictable measure of what you stand to lose in any given case.

Obviously, every family is different and so every family's exposure to potential liability is different. For instance, the owner of a small family store is not going to have the same concerns as a renowned plastic surgeon. Asset protection planning accounts for your family's specific circumstances to decide how much of a shield you need when it comes to liability. At Inter Vivos, we enjoy the privilege of having one of the foremost authorities on asset protection planning as Of-Counsel to our firm, Mr. Jeff Matsen. In a recent publication, Jeff highlights the levels of asset protection planning in what he calls "the Ladder of Success".

At the low end of asset protection planning
 simply having some form of business entity to limit liability may be sufficient. Progressing up the ladder, basic and marital estate planning techniques can provide further protection. Next, protecting specific assets through business entities or asset protection trusts might be necessary. And finally, offshore asset protection planning and other advanced estate planning tools can offer ultimate asset protection. In the end, an asset protection plan must be suited to the client and not the client suited to the plan. Consequently, regardless of what level of assets or liability a family might have, they might very well benefit from a personalized asset protection strategy.

Life is too uncertain to allow for the chance to lose everything in a day. You can eliminate that risk by planning ahead. If you would like to see how asset protection planning might benefit you, contact us
at (801) 477-1570, for a free consultation. It could make all the difference in the world!

"Let Us Earn Your Family's Trust"

0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Trust Meme Blog

    Trust Meme is written and maintained by the member attorneys at Inter Vivos, PLLC as a resource for families to better understand the importance of proper planning and their planning experience.

    RSS Feed

    Categories

    All
    Asset Protection Planning
    Business Planning
    Estate Planning
    Gun Trust Planning
    Legacy Planning
    Probate/ Estate Administration
    Tax Planning

Practice Areas

Family Estate Planning
Advanced Estate Planning
Specialty Estate Planning
​Professional Planning

Links

Client Login
Advisor Login
Attorney Login
Videos
E-Books
Contact Us
Picture

Our Locations

Salt Lake, UT
Detroit, MI
Las Vegas, NV
New York, NY
Boise, ID
Seattle, WA
Chicago, IL
Phoenix, AZ
Honolulu, HI
Miami, FL
Atlanta, GA
Houston, TX
San Francisco, CA
Los Angeles, CA
Washington, DC
Inter Vivos, PLLC (c) 2014-2021