Asset Protection

Written By Lauren Servin

Our firm has been significantly engaged in the developing area of Asset Protection. This is specifically designed to help clients legally protect and shelter their property and assets from various real and potential disasters. Your assets can be “wiped out” overnight by one or more of the following problems:

  • The Internal Revenue Service

  • Divorce

  • Foreclosure

  • Bankruptcy

  • Nursing Home and Medicaid

  • Lawsuits

  • Risk and Liability

  • Creditors

While any instance outlined above could become significant to an individual when a problem occurs. i.e., a judgment, an IRS lien, entering a nursing home, etc., THE OPTIMUM TIME TO CONSIDER THE ABOVE POSSIBILITIES IS PRIOR TO ITS OCCURRENCE.

In today’s litigious society, you could easily and unexpectedly find yourself in a financial crisis which could cost you most, if not all, of your assets perhaps because of any number of ways, such as:

  •  An IRS audit and resulting unexpected assessment

  • A major damage suit for an injury around your house or business

  • A negligence claim as a corporate officer or director

  • A lawsuit for breach of contract

  • A lawsuit among business partners

  • Overwhelming medical bills

  • A fine for violating a federal or state law, such as environmental protection

  • A defamation suit.

IT IS THEREFORE PRUDENT AND INTELLIGENT TO REALISTICALLY PLAN NOW TO PROTECT YOUR ASSETS AND LIFE SAVINGS BEFORE A PROBLEM CAN OCCUR.

Some protective measures you can take are:

  • Plan an intelligent asset-protection program (i.e. Family Limited Partnership)

  • Legally sidestep fraudulent transfer claims by creditors

  • Benefit from federal and state laws which automatically protect your assets

  • Utilize little-known asset-protection trusts to your maximum advantage

  • Avoid foreclosures, repossessions and the IRS from seizing your assets

  • Walk away from a divorce with your share of marital assets … plus

  • Make your corporation into a first-class asset protector

  • Block creditors from finding or seizing your assets

  • Invest your wealth safely and legally offshore

  • Protect your life-savings from nursing-home costs and Medicaid liability

  • “Judgment-proof” yourself, but be able to utilize and manage your assets, as if you owned them.

These are “classic” areas WHERE PRE-PLANNING CAN PREVENT DEVASTATING OUTCOMES FROM THE ABOVE RISKS.

We can help you protect yourself and your assets, reach out to us for a consultation.

Written By Jeffrey D. Servin, Esquire

Lauren Servin
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