What legal products and services do I need to protect my assets from unforeseen creditors?
If a lawsuit appears to be imminent, it may too late to put a plan in place to protect your assets. The way to prevent the threat of unforeseen lawsuits from creditors is to start with a sound financial plan, coupled with a comprehensive estate plan. Both plans ensure that your assets are protected during your lifetime and after. Additionally, AB Trusts or ABS Trusts can be used to protect your spouse. For other beneficiaries, you may use lifetime trusts.
** Disclaimer Required by IRS Circular 230** Unless otherwise expressly approved in advance by the undersigned, any discussion of federal tax matters herein is not intended and cannot be used 1) to avoid penalties under the Federal tax laws, or 2) to promote, market or recommend to another party any transaction or tax-related matter addressed.