What is Asset Protection?

Asset protection is financial planning and proactive legal action designed to legally protect your assets from private creditors, government entities, divorce, lawsuits or judgments, and even family members.

This kind of planning and protection involves a series of legal techniques that can help prevent the seizure of your assets in the event of a judgment, deter a lawsuit, and provide you with settlement negotiation power.

The Levin Law Group offers Asset Protection that can involve any combination of the following:

• Creation of Irrevocable Trusts – to protect assets from creditors

• Creation of Medicaid Trusts and Qualified Investment Trusts – to protect assets from Medicaid Penalties and to qualify for Medicaid

• Creation of Entities – to limit personal exposure to foreseen or unforeseen events

• Transfer of Real Estate and other Assets to trusts, entities and other individuals

• Creation of Prenuptial Agreements – to protect an individual’s assets prior to marriage.

We live in a rather litigious society, and many could try to take what you have worked hard for from you and your family – including your own family.  The good news is that you are not entirely defenseless, and laws are in place for you to use to your advantage – so you can protect your possessions and, most importantly, your life.

If you’re wondering whether or not you need an attorney for any of the above legal matters and documents, the answer is: legally, you don’t.  However, in order for any of the above to be legally valid, and for you to have a piece of mind, you will need an asset protection attorney who has an understanding of the relevant areas of the law.  The documents have to follow the exact specifications of the law, and failure to follow the exact legal requirements could result in disputes and legal difficulties, and, what’s more, it could result in the documents being completely voided.

So, is saving a relatively small amount of money worth taking a big risk of not having your assets properly protected?  Feel free to contact us today for a free consultation.

At the Levin Law Group, our caring and reliable attorneys will assist you in advising and preparing a wide range of legal documents, including drafting, negotiating and finalizing asset protection documents. We invite you to get in touch with us so we can help you take steps to ensure your interests and assets are protected – contact Levin Law Group today: 800-517-5240.