After spending your career building a business or amassing wealth, you deserve to protect the proceeds of your hard work and pass your legacy to loved ones. Asset protection planning can help you manage and preserve your wealth by shielding it from liabilities like creditor claims, lawsuits, and taxes. Careful planning can also help you facilitate the transfer of your assets after your passing.
At Amoruso & Amoruso LLP, our experienced attorneys can discuss asset protection in White Plains with you and develop strategies to safeguard your wealth from potential threats. Our accomplished legal team has over 60 years of combined experience in protecting assets through our comprehensive estate planning service. Contact us today to schedule a consultation with a trusted asset protection lawyer.
What Is Asset Protection and Why Does It Matter?
Asset protection refers to legal or estate planning focused on preserving personal, business, or family wealth from loss due to creditors, legal liabilities, emergencies, or poor personal and financial decisions. Asset protection matters because individuals may face unexpected lawsuits that endanger their financial security and business interests. It is also an important estate planning component that allows a smoother transfer of assets to your loved ones while avoiding the time and expense of probate after your death.
Key Strategies for Asset Protection
Asset protection planning may incorporate a variety of legal tools suited to your circumstances, such as:
- Creating revocable and irrevocable trusts
- Establishing special needs trusts to protect the interests of a disabled child
- Establishing limited liability entities, such as LLCs or S-corporations
- Implementing gifting and tax planning strategies
Why Choose Amoruso & Amoruso LLP?
Asset protection requires intelligent planning and a thorough understanding of New York and federal laws. The estate planning attorneys at Amoruso & Amoruso LLP can guide you through the complex legal landscape to develop an intelligent strategy for accomplishing your asset protection goals.
Estates vary in size and complexity, as do the family dynamics that come into play when discussing sensitive matters like inheritances, trust beneficiaries, and other ways you want your assets distributed after you die. Our law firm designs asset protection solutions customized to your circumstances. Key to this approach is our comprehensive estate planning service. In this signature strategy, we evaluate your needs holistically before recommending tools to accomplish your wealth preservation goals.
Even if you already have an estate plan, allow Amoruso & Amoruso LLP to give it a thorough review. We’ll identify any areas that could use revisions or corrections and advise you on options for making it better based on your individual goals. Be assured that, if no changes are needed, we will tell you and you will have the peace of mind that your plan accomplishes your objectives.
Contact an Asset Protection Trust Lawyer Today
At Amoruso & Amoruso LLP, our motto is Empowering You to Care For the Ones You Love™️. Asset protection is a valuable way to accomplish that goal, but understanding the tools that best apply to your circumstances is no easy task. Rather than wait and wonder, get in touch with one of our White Plains asset protection lawyers.
Call or fill out our online contact form today to arrange your initial consultation. We look forwarding to hearing from you.
