Asset Protection
An effective estate plan doesn’t just transfer wealth after death. It also protects and grows your assets during your lifetime.
Why Should I Protect Assets During My Lifetime?
A will or trust is pointless if a person has no assets to be transferred at their death. Protecting your assets from creditors during your lifetime ensures that you will have something to pass to your loved ones when you die.
Medical debt, bankruptcy or lawsuits can eat away at your estate during your lifetime without proper protections in place.
How Can I Protect Assets During My Lifetime?
The estate planning team at Parsons Behle & Latimer is experienced in created domestic asset protection trusts. These trusts lock your assets away from general creditors, ensuring that your money is directed where you want it to go. For more information about these trusts, or to see if an asset protection trust is a good idea for you, please contact the estate planning team to schedule a free consultation.
Ready to discuss your estate planning needs?
For general inquiries, or if you don’t have a preference of which attorney you’d like to meet with, use the form below.
