Asset Protection

Asset Protection

The concept of asset protection is not any new invention.  For centuries, individuals and entities have engaged in asset protection planning in one form or another.  As early as the 18th century, Thomas Jefferson was successful in conveying particular property to his daughter so that the creditors of his son-in-law were unable to seize those assets at the time of his death.  In the infamous O.J. Simpson case, when it was time for the estate of Nicole of Simpson to collect their $33 million civil judgment, all that was up for grabs was $500,000 worth of memorabilia.  The rest of his multi-million dollar empire had vanished, all due to the asset protection strategies utilized by Simpson and his legal counsel.

Be advised that asset protection should not be undertaken in any illegal matter.  With the right counsel, assets can be effectively protected in a legal manner – without partaking in the unlawful practices of concealment (hiding of the assets), fraudulent transfers, or tax evasion.

You May Need Asset Protection If:

  • You need to qualify for Medicaid
  • You are getting divorced
  • You are faced with a lawsuit
  • You are in a high-risk business
  • You have been in an accident
  • You are being investigated by a governmental agency
  • You owe money to a creditor

We Can Protect Your:

  • Home
  • Annuities
  • Business
  • Real Estate Investments
  • Financial Investments
  • Inheritance
  • Pension Plans

Commonly Used Structures:

  • Medicaid Asset Protection Trusts (MAPT)
  • Special Needs Trust
  • Qualified Personal Residence Trusts (QPRT)
  • Grantor Retained Annuity Trusts (GRAT)
  • Sales to Intentionally Defective Grantor Trusts (IDGT)
  • Life Insurance Trusts
  • Limited Liability Companies & Limited Partnerships
  • Foreign Entities
  • Foreign Trusts
  • Offshore Banking
  • Equity Strips

Don’t wait too long and let your assets go to waste. Call us today at (646) 535-1667.

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