Asset Protection Attorney in Elizabethtown, KY
What is asset protection?
Many people think of asset protection as hiding money from the government or other agencies. This misconception has caused many individuals to miss out on the benefits of asset protection planning. This is a specialty area of the law that focuses on major financial concerns. The main purpose of this legal tool is to help individuals minimize liability and lawsuit risks by effectively organizing their business and financial affairs. Asset protection is a useful tool for insulating and shielding your hard-earned money and future wealth against potential threats.
If you are interested in protecting your business or personal assets from loss or lawsuits, an Elizabethtown estate planning lawyer from our firm is here to help. We review our clients' business and personal worth, determining the liabilities and risks they may face. This allows us to make a helpful plan for them by reorganizing their business structures and other assets.
Do I need to create an asset protection plan?
When you pursue an asset protection plan, you are able to capitalize on the legal benefits of limited liability protections. Our goal is to ensure that your personal assets, such as real estate or other property, are shielded from risk as much as possible. We use many estate planning methods to create a customized plan for your assets. If you have accumulated a valuable amount of property or investments, you may be a target for lawsuits or government agencies. For this reason, we encourage individuals to discuss an asset protection plan with a lawyer from Cooper & Cooper Law Offices.
Through Limited Liability Companies, living trusts and other tools, we may be able to help you protect your wealth. Each financial situation is unique, which is why we offer customized service for asset protection planning. If you would like to find out more information about shielding your personal and business assets, contact our firm today.