Many different estate planning tools can help you accomplish various goals. But if you have substantial assets and are concerned about protecting these from lawsuits or creditors, it is important to work with a Pasadena asset protection planning attorney.
An asset protection trust may be an appropriate tool to help you shield your assets. This legal tool helps protect assets you own from legal judgments or potential creditors. To do this, you create a trust, which is an official, formal legal entity separate from your estate that holds and manages your assets. This adds a layer of protection against future claims.
Anyone who intends to protect their assets from unexpected liabilities or legal claims could benefit from an asset protection trust. This includes anyone in high liability fields, business owners, retirees, or anyone seeking to protect their overall financial legacy.
Asset protection trusts can provide a strong defense against many types of creditors. In order to learn more about the specifics, it’s recommended to speak directly with a Pasadena asset protection planning attorney. An asset protection trust may be just one component of your overall estate plan that helps you achieve your goals and pass on assets to your loved ones by protecting them for future generations.
With so many different options available to you, it’s important to find an attorney who understands the asset protection process. You need someone you can trust now and well into the future if you need to make changes to your plans. We can help.
Working with a qualified Pasadena asset protection attorney who is familiar with all aspects of asset protection planning can help your business survive a big transition period and make things easier for those next in line for leadership roles.
