Asset Protection Planning
Asset Protection Planning Is A Gift
Nobody expects to be sued. Just ask the 20 million people involved in lawsuits last year. Divorce, inheritance, health issues, creditors, employees, theft, changing markets, malpractice suits, sexual harassment claims, natural disasters and disgruntled business partners are just a few issues that can result in devastating lawsuits for unprepared business owners. The highest level of risk falls on those who think they are immune.
Protect what you worked so hard for
Americans are now more concerned than ever about protecting their assets from creditor claims, taxes, divorce and other disasters. Rightly so. The more success you have (especially in business, professional practice or real estate activities), the more at risk you are as others see your success grow.
Here’s some of the “risky behavior” you may be engaging in right now:
Will you be signing loan documents, a personal guaranty or a lease? Do you have rental properties or employees? Are you an attorney or physician? Do you work in construction or perform professional services? Are you getting married and have children from a prior marriage or separate property assets you are bringing into the marriage?
Do you own a business?
You know your business best, so you’ve likely spent a lot of time and money developing it. That said, there are some risks that every type of small or medium enterprise faces in today’s economy. Whether they come from the way you work with others or the way you manage your finances, these risks can have serious consequences if not managed properly. Let attorney Brian Musell walk you through what he calls “risky behavior”—the things we may be doing without even knowing it!
Lifetime Asset protection planning
It’s important to take the estate planning process seriously because it can help ensure that your assets and family are taken care of in case something happens to you. The wrong provisions could leave your loved ones in a situation where they are dealing with problems like excessive taxes, legal fees and other expenses that can be avoided with proper planning.
In order to ensure your assets are not lost to creditors, divorce or liability, contact Colorado Wills and Estates to discuss lifetime asset protection planning today.
Got any Questions?
Connect With Brian Musell, Esq.
Have you been thinking about how to protect your loved ones when you are no longer around?
Do you have a current will or trust that you would like reviewed by a trusted estate planning attorney?
Contact me to find out how we can help you protect your loved ones from court and from conflict.