Asset Protection: Protecting What Is Yours
We help our clients protect their hard-earned assets from lawyers, creditors, foreclosure deficiencies, former or current spouses, children, relatives, and lawsuits in general. Over 19 million new lawsuits are filed in the United States every year, many of which are frivolous or settled for sums greater than the actual liability. While plenty of people are concerned with making money, few are thinking about how to protect it. You must think and act defensively to protect your wealth. Wilson & Haubert, PLLC is here to help you utilize proven strategies to protect your assets. We use tools and tactics as asset protection attorneys to help shield the wealth of individuals, families, and companies.
Business owners, professionals, and property owners in particular should be aware of the risk accompanying conducting business and practicing in their professions. It is important to protect yourself before you get sued; advanced planning is important. It is helpful to think of asset protection as a form of insurance — you have to have it before you need it. Protecting your assets is a worthwhile investment.
Asset Protection is about empowering yourself in the face of the fear of litigation. Wilson & Haubert, PLLC will work with clients to implement proven, legally-sound strategies that will help preserve their wealth and safeguard their assets. We help professionals, small business owners, property owners, and other clients protect their assets against judgments, liens, potential litigation, and fraud.
Asset Protection from Potential Creditors
Our firm has assisted clients to arrange their finances, real property and other assets in a manner that minimizes their exposure to potential creditors. We have experience in establishing trusts, quantifying insurance needs, creating estate plans, and business entities that allow are clients to enjoy the confidence of more security in their assets.
A creditor who initiates litigation against a person that has planned for asset protection find there are very few collectible assets actually owned by the person they wish to sue. Assets that are owned by a trust or other entity are generally not liable for claims against their beneficiaries. Moreover, giving assets to another entity may add the additional benefit of lowering the person’s taxable estate.
Our firm has experience with the following:
- Business entity formation;
- Asset protections allowed under Arkansas law; and
- Negotiation and preparation of pre and post-marital agreements
The specific strategy employed by us will vary depending on the client, the type of assets, and the tax regulations that apply to those assets.