Asset Protection & Business Planning
Learn more about the various planning options that MVP Law Group can provide. Contact us today for a Free Consultation to learn more!
ASSET PROTECTION & BUSINESS PLANNING
Entrepreneurs and business owners need a legal plan to protect their assets when lawsuits, creditor claims, bankruptcy, or other liabilities arise. MVP Law Firm can help you develop an asset protection plan whether you are a one-person operation or a rapidly growing enterprise.
Asset protection is a component of financial and estate planning intended to protect an individual’s assets from creditor claims. Individuals and business owners use asset protection techniques to limit creditor’s access to certain valuable assets while operating within the bounds of debtor-creditor law.
An asset protection plan has three elements: 1) business planning, 2) estate planning, and 3) insurance protection. Within these elements, there are several options that can be considered including liability insurance, use of a homestead declaration, dividing assets with a spouse, business entity type, and a variety of trust options.
The type of asset protection plan that can be implemented will depend on your business environment, your personal circumstances, and your financial situation.
How MVP Law Group can help!
Problems can occur when people don’t correctly coordinate all of the aspects of passing on their estate. If you have a well-drafted estate plan in place, you will ensure that your estate passes to whom you want, when you want, and is carried out in your chosen manner. With the right estate plan, you can rest assured that your family won’t have to endure a public process and face high probate costs. The government will also not be able to take a large portion of what you’ve spent a lifetime building. But you need to be aware of the many options that exist in estate planning – and you must choose your estate planning attorney wisely.
We offer a wealth of free information and free estate planning seminars in your area. Explore the resources available on our website, join us for a free Estate Planning Seminar, and request a Free Consultation.
We want you to feel confident about the choices you make, and we can be your guide on the path toward preserving your family’s future.