It is a common misunderstanding that only the very wealthy or those in professions with significant risk need asset protection planning. Virtually every client can benefit from some level of planning in this age of litigation. Creditors come in all shapes and sizes, from business liabilities to injured parties and even divorcing spouses.
We advise and assist with all levels of asset protection planning:
Divorce actions frequently drag a divorcing spouse’s parents’ financial information and estate plan into the feud. Surprisingly, courts are willing to consider evidence of a party’s anticipated wealth and overall family resources when dividing assets and deciding support orders.