Asset protection is a type of planning intended to protect one’s assets from creditor claims. An effective asset protection plan safeguards wealth and assets from attack by future, unsecured creditors. We help individuals and business entities use asset protection techniques to limit creditors’ access to certain valuable assets, while operating within the bounds of debtor-creditor law. The practices of concealment (hiding of the assets), contempt, fraudulent transfer (as defined in the 1984 Uniform Fraudulent Transfer Act), tax evasion and bankruptcy fraud are illegal. Effective asset protection begins before a claim or liability occurs, since it is usually too late to initiate any worthwhile protection after the fact. Some common methods for asset protection include asset protection trusts, accounts-receivable financing and family limited partnerships. The assets that we have protected include liquid assets, securities, real estate, business interests, professional practices, works of art, intellectual property, cars, boats, jewelry and virtually anything of value. We protect these assets from threats such as aggressive litigants and predatory creditors, and preserve the assets for the benefit of our clients and their families.
We protect assets using domestic laws and entities such as limited partnerships, trusts and corporations, as well as the laws of foreign countries. We have developed domestic and international asset protection strategies that enjoy an impeccable record of success.
We carefully safeguard the privacy of our clients and the confidentiality of their assets. Rather than basing asset protection strategies on the supposed “banking secrecy”, we use the law – both U.S. and foreign – to create secure, impenetrable barriers around those assets.