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Asset Protection Trust

When most estate planning attorneys talk about asset protection they are usually talking to the 2% of the population who has enough assets to afford off-shore tax and asset protection planning. These are trusts which are set up in foreign countries. Those countries are chosen because they do not cooperate with American courts. The assets in these trusts are out of reach by creditors in the U.S.A..

When I talk about asset protection I am talking to someone different. I am talking to the owner of a family business who is concerned that an employee will do something which will end with them losing big in a lawsuit. I am talking to the doctor who is terrified that he will lose his home if he makes a mistake. I am talking to the homeowner who is worried that their child will get in an auto accident and that they will be sued for more than their car insurance will pay. I am talking to the mother who is worried that her daughter will someday lose her inheritance in a nasty divorce. In short, I am talking to the other 98%.

When done properly, asset protection should be easy to set up and easy to maintain.

We can set up a trust which will insulate your assets from lawsuit and from divorce. There are important rules with must be followed. We can not protect your assets from a “known creditor.” If you were involved in a car wreck on Saturday night then it is too late for you call us to help you protect your assets on Monday morning.

Your asset protection plan must be in place before your next auto accident.

Article Source: http://freelegalinformation.info

My name is Tom Olofsson. I am a lawyer. I help families plan for the future. My hope is that this site will make it easy for you to find out about estate planning and to see if you would like me to help you plan for your family’s future. My goal is to help you decide which Estate Planning tools are best for you and your family.

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