Some view asset protection planning with a skeptical eye. They believe there is a moral obligation to pay one’s debts.
The truth is, the U.S. justice system is unpredictable. Defendants are faced with ever-expanding theories of liability, being sued just because they appear to have “deep pockets,”
“The first step in protecting your assets is to understand that planning to preserve and secure your property in advance of a claim, or the threat of a claim, is a legitimate form of wealth planning.” says Estate Planning Attorney, Maura Curran.
Asset protection planning is not about avoiding taxes, keeping secrets, hiding assets, or defrauding creditors..
An experienced estate planning attorney will have a thorough understanding of the state and federal laws that affect how your estate will be inventoried, valued, dispersed, and taxed after your death.
The Curran Law Firm focuses on helping families through the complicated process of planning for family protection and preservation of assets.
