Asset Protection Planning

Protecting Assets from Lawsuits and Creditors

As a Business Owner, Real Estate Developer or Investor, Physician, or Professional in a High Liability Field, Are You Concerned about Lawsuits?

What is Asset Protection Planning?

Proactive asset protection planning is a systematic arrangement of your assets to minimize the possibility of creditor or predator attacks. Successful individuals are targets for lawsuits regardless of whether the lawsuit is justified. Even if a lawsuit is unjustified, you may spend substantial sums of money defending yourself. Even if a lawsuit is frivolous, a jury might disagree--subjecting your personal wealth to a court-ordered judgment against you. Because so many people are concerned about the threat of lawsuits, asset protection planning is a rapidly expanding area of the law.

We provide guidance to individuals and families who face high-risk situations and then design effective asset protection plans to guard against potential future liabilities. With years of experience in all areas of asset protection law, and an extensive network of leading financial institutions and professionals world-wide, we are particularly skilled at establishing and managing asset protection trusts and LLC's. The techniques and strategies you can use include:

• Domestic business entity formation, including LLC's and corporations
• Wyoming and Delaware LLC's
• Nevada Domestic Asset Protection Trusts
• Offshore Asset Protection Trusts
• Equity stripping and asset isolation strategies designed to minimize the risks posed by potential predators and protect your privacy

Go here to schedule a telephone call or meeting.

Who Benefits from Proactive Asset Protection Planning?

If you are a physician, surgeon, business owner, real estate investor or developer, attorney, CPA, or member of a profession that is subject to an unusually high number of lawsuits, you may benefit from proactive asset protection planning to minimize liability. If you would like to create an asset protection plan, it should be implemented before a potential creditor arises. Once a liability generating event occurs, it is too late, although it is possible to protect against future events. As a result, individuals in high risk professions often seek guidance early in their careers.

What Should You Expect During the Planning Process?

The first step in the planning process is to talk with Gloria Albus, our Client Services Coordinator. You can call her at 630-871-8778 or request a call here. Gloria will ask you a few questions about your planning needs and let you know how our firm works and what to expect. If you would like to schedule an initial meeting with an attorney, Gloria will send you a new client information packet, which includes instructions about what type of information we will need to assess your situation.    

The packet also includes a Personal Information Worksheet, which will help you start the information gathering process. Please go ahead and fill out the worksheet as best as you can and return it to our office prior to your initial meeting. The initial meeting is a working meeting, and we want you to get as much out of it as possible. Gloria can help you if you have any questions.

At your initial meeting with either attorney Bill Deitch or Kirsten Izatt, we will take a hard look at the risk you face, and the assets you would like to protect. If we have adequate information before the meeting, we'll be able to suggest possible solutions and how to address your situation. If your case is particularly complex, you may retain us to design a plan to address your asset protection issues.

Schedule an appointment or telephone call to discuss your needs.