Below, our Centennial asset protection attorney discusses what asset protection does and how an asset protection attorney may be able to help you.
What Is Asset Protection in Estate Planning?
In order to understand what an asset protection attorney does, it is important to know what “asset protection” means. Essentially, asset protection involves protecting your assets from parties that have no legal right to them – think creditors and lawsuits.
Asset protection is the process of protecting your assets through legal strategies and financial planning. This process is completely legal as long as it is done correctly with the help of an experienced asset protection lawyer. Your assets may include anything from money and real estate to special collections you have.
What Is an Asset Protection Attorney and How Can an Asset Protection Lawyer Help Me?
An asset protection attorney helps clients protect their assets with legal tools. An asset protection lawyer:
- Understands asset protection laws, including, but not limited to estate, trust and probate laws.
- Evaluates your assets and current financial situation to determine which assets are eligible for protection and which assets are susceptible to creditors and lawsuits.
- Identifies tools to create a custom asset protection plan based on your concerns and goals.
- Implements your asset protection plan to provide your assets with maximum protections.
- Ensures that your asset protection plan is legal and will be upheld under the law.
The list above includes just a few of the ways an asset protection lawyer may be able to help you. We recommend that you discuss your unique situation with an experienced estate planning lawyer.
Contact Skipton Law, LLC About Your Asset Protection Needs
At Skipton Law, LLC, we can help you during every stage of asset protection. Do you want to learn more about how you can protect your assets? Contact us online or call us at (720) 770-3880 for more information. We also provide free estate planning workshops that you can join.