When it comes to protecting your assets, there are a variety of strategies you can employ. One of the most common is asset protection planning. This involves taking measures to keep your property and money safe from creditors in the event that you ever find yourself in financial trouble.
Asset protection is an important issue to consider for individuals, families, and businesses. A proper asset protection plan can protect your property from being seized by creditors or by the government. For example, a properly drafted revocable trust can help protect a beneficiary’s eligibility for medicare and other means-tested public benefit programs.
Asset protection has a variety of applications to different types of individuals, families, and business entities. From single individuals to families and from small businesses to large corporations, protecting your assets is one of the most important things you can do to secure your future success. This can help you avoid bankruptcy, including Chapter 7 and Chapter 13.
We can help you create an asset protection plan that works for you, your family, and/or your business(es). Contact our office today for a free consultation to find out how we can help you with your asset protection needs. Call or text us today at (916) 704-3009.