Related Information:Asset Protection PlanningA primary goal of estate planning is to provide for the most efficient management, preservation and distribution of a client's wealth during his or her lifetime and at death. As our society becomes increasingly litigious, more hazards to the long-term preservation of wealth exist than ever before. The high incidence of divorce, and ever-expanding theories of liability for certain types of activity have increased many families' exposure to financial risk. Many professionals in traditionally low-risk occupations also have found themselves exposed to greater malpractice risks, including physicians, real estate developers, accounting professionals, and officers and directors of publicly held companies. Asset protection planning involves coordinating property interests to protect assets against potential future claims. If properly designed and implemented, a well-conceived estate plan can protect assets that are most strategically important to a family's or business' security from claims incident to divorce, litigation or future creditors. Our lawyers have experience with a broad array of planning alternatives that can help protect hard-earned wealth. |