Asset Protection Lawyers in Raleigh Providing Clients With Security and Peace of Mind Going Forward
When going through your estate planning options, it is important to consider the size of your estate, including the property and assets within it. Maximizing, leveraging, and protecting those personal assets should be something you should highly consider when putting together an estate plan that is right for you. Asset protection planning is one way to ensure that your assets are protected from liability and are even protected for your beneficiaries following your death. By assisting in the creation of an asset protection trust, our team of asset protection attorneys can make sure that your assets remain protected from creditors, lawsuits, and that the tax implications on your assets remain as low as possible. Reach out to our law location as soon as possible to learn more about how an attorney can help you put together a protection plan that is right for you and your family’s future.
What is Asset Protection?
Asset protection is basically a legal method in which you can reorganize your property and assets to minimize the impact of taxes and to maximize the protection against any creditor seeking payment, legal action, and seizure. In most cases, asset protection occurs through the institution of a trust that holds all of your property and assets within it. Different kinds of trusts are used for all sorts of benefits to your estate. A trust specifically used to protect your assets is often considered irrevocable, meaning that you cannot dissolve the trust and take possession of the assets within. This can provide you with a host of benefits, including financial benefits that can protect your wealth, as well as protect you against legal actions and any creditor that intends to seek payment for a debt that is owed.
How Can a Lawyer Help Me Protect My Assets?
To make sure your spouse, child, and other beneficiaries are protected after you pass away, you should consider hiring an attorney with experience in asset protection planning. An attorney can advise you of which assets you should consider protecting such as qualified retirement plans, other retirement accounts, and even your life insurance policy. Creditors often seek payments following the death of a person. While a trustee can pay any creditors on a case-by-case basis, creditors will not be allowed to seize any assets in order to repay a debt. On top of that, a lawyer can ensure stipulations are put into place that can protect a beneficiary from losing the assets they inherit in the long run. With a wealth of options available to you, make sure you take action and enlist the help of a lawyer today to properly protect you and your property.
What If I Don’t Protect My Assets?
Not adequately protecting your assets can leave your financial assets, property, insurance policies, and more at risk. This can put your child, spouse, and others who may rely on your inheritance at risk. Putting your assets into a trust may protect you against legal action from others. In many cases where assets are not secured properly, claims can be made against you and your assets may be taken from you in a settlement. Protecting your assets can even help you during divorce proceedings. Defend yourself from legal trouble by hiring a lawyer equipped to handle your needs.
Should I Hire an Asset Protection Attorney for My Needs?
Take the initiative to protect your financial assets, your property, and your family’s wealth by creating a plan that protects your assets from any liability.
At Thomas-Walters, PLLC, an experienced asset protection attorney will provide you and your family with the legal assistance you need to maximize your assets now, while still leaving your family well off tomorrow. We want to assist you in securing your future by utilizing our years of experience in putting together meaningful and strong protection strategies for our clients. Call (919) 424-8277 to schedule a free, no-obligation consultation today.