A lot of clients contact an asset protection attorney like
Joe B Garza long after the fact, after it is too late to truly maximize their
protection strategy. While there are some last ditch methods that can be put
into place, often these are simple, final attempts to preserve a messy estate
and asset plan. The best method of approach here is foresight in knowing that
your asset protection methods are in place well ahead of time, before anything
bad can happen.
Protect Assets
from Creditors
One primary benefit of asset protection is that when
properly implemented, it will protect you from hawkish creditors. When your
assets are properly veiled, they will be shielded from those who are seeking
collection activity. This means that they can come after you all they want, but
your assets are shielded from their grasp.
Shield Assets from
Lawsuits
Another benefit of asset protection is that it can
protect you from lawsuits. A common mistake made by many is that they don’t properly
setup their companies. It’s not uncommon for that to lead to a dastardly error
that ends up costing them some big time dollars later on; monies that could
have been protected.
Preserve Wealth
for Future Generations
It’s all about your legacy. What will you pass on to your
loved ones? With asset protection methods in place, you can enjoy knowing that
your loved ones will get the maximum payout possible after you are no longer of
this earth.
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