Have you built up a substantial nest egg and want to protect it from unsecured creditors? Do you have concerns about potentially getting sued by a client? Are your assets secured so that when you have children they will receive your assets rather than be subjected to the claims of an ex-spouse or creditor? Have you taken the necessary steps to safeguard your assets?
What is Asset Protection?
Asset protection is necessary in order to protect your wealth and assets from attack by creditors, claims by ex-spouses and lawsuits. Without it, you are putting your future and your family at risk. You have worked all your life accumulating personal or business assets (or both). Asset protection planning can save you from losing most, if not all of your assets.
The Law Offices Of Michael W. Alpert located in Nassau County (Garden City, NY Office) can help you legally protect yourself, your business and your hard-earned assets from loss due to creditor claims, frivolous lawsuits or bankruptcies. For immediate assistance, call us today at 516-280-7288.
Why Are My Assets At Risk?
Your assets can be put at risk for a number of reasons, which means you need to plan ahead in order to mitigate risk. Depending on your assets and your circumstances you may need to plan for a variety of instances. For example, if nursing home bills are something you are currently or will be responsible for, you will need to plan ahead to avoid seizure of your assets in order to pay these nursing home bills should they go into default.
Estate planning and asset protection involves taking measures to protect your assets in your will, trusts, lifetime gifts and protecting your assets from estate tax avoidance. If you own a business, you need to take measures to protect your exposure to liability and limit debt. You may also need to plan for protecting yourself from Capital Gains.
What Assets Need To Be Protected
Assets that you need to protect can be anything from physical items to businesses. Regardless of whether you are a married couple or business owner, protecting your assets is of extreme importance.
The following is a list of assets that you should be thinking about protecting:
- Liquid assets
- Real estate
- Business interests
- Professional practices
- Intellectual property
- Anything else that is of value
We’re Here To Help. Contact Us Today For A Free Consultation.
Asset protection in New York is vital for everyone. With The Law Offices of Michael W. Alpert, you can be confident that your assets will not be seized by a court order. As an experienced asset protection lawyer, he will make sure all asset transfers and other asset protection plans comply with New York State laws and ensure your assets are safe.
Contact us today to set up your FREE, confidential consultation. Call (516) 280-7288 or contact us online today.