Mr. Lopin was diligent in protecting our real estate investments through additional trusts, ensured that my assets were secured from outside interests, and titled the properties correctly. A job well done.
– Maria Paleologos
I can assist with business formation and succession planning. I can implement a variety of asset protection strategies designed to protect those with high incomes or high-risk investments, like owners of rental properties, from creditors. Strategies include setting up business entities such as a limited liability companies or family limited partnerships, which can also save your family in estate and gift taxes. Strategies such as Buy-Sell Agreements can also be implemented to protect those who own properties or businesses with more than one person.
Asset Protection is the lawful transfer of assets or the establishment of a structure principally for estate planning or business (not principally for creditor protection) reasons.
Asset Protection To Conserve Wealth
Asset Protection employs a collection of strategies to conserve accumulated wealth and insulate clients from debt claims and involuntary transfers to “others”. These “others” may include:
To minimize claims by a spouse raised by a future divorce proceeding.
Creditors of a Child
To minimize risks of claims by a creditor of child to whom a gift is to be made. Clients may want to consider making gifts to trusts with spendthrift and/or discretionary features.
Buyer of a Business
To minimize risk of claims against a buyer of a business for breaches of warranties and representations of the seller. Techniques include the establishment of a private retirement plan and/or a domestic asset protection trust.
Future Creditors of a New Business Owner
To minimize risks of claims by future creditors, strategies include the use of an LLC, marital property division, establishment of a private retirement plan and/or domestic asset protection trust.
To minimize the risk of future tort claimants. Strategies include marital property division, establishment of a private retirement plan and/or domestic asset protection trust.
Tort Claimant of an Owner of High Risk Business
To minimize risk from future tort claimants, techniques include marital property division, holding assets in multiple entities, establishment of a private retirement plan and/or a domestic asset protection trust.
Clients of a Professional
To minimize risk of claims of future clients and patients, strategies include setting up marital property division, establishment of a private retirement plan and/or domestic asset protection trusts.