Asset protection can provide security by structuring assets to make them unattractive and unreachable by creditors, privacy by reducing the indicators of wealth appearing in public records and private financial statements, and peace of mind because the less you own the less you worry.
There are many reasons why people need to protect their assets, the main one being litigation or outrageous jury awards, deep pock syndrome, divorce and estate taxation.
What is the purpose of asset protection?
The basic purpose of asset protection is to avoid the loss of personal assets through litigation. To do this, you need experienced business law attorney who takes pride in protecting your assets.
Asset protection planning is particularly important for entrepreneurs, business owners, doctors, dentists, accountants, lawyers, financial planners, corporate directors and officers, developers, real estate brokers, owners of real estate, and retirees. Call Boyer Law Firm today.