Life’s uncertainties can become pronounced when you’re self-employed. Limiting liability, both personally and business-wise is paramount to ensure you’re safeguarded against potential pitfalls.
1. The Business Vulnerabilities:
A self-employed individual might face threats from business creditors or litigation. Structuring your business appropriately is essential to limit these vulnerabilities.
2. Personal Liabilities and Concerns:
From potential personal creditor claims to the complexities of familial changes like divorce, it’s vital to shield your personal assets from unpredictable risks.
3. Using Trusts to Protect Your Legacy:
Ensuring your loved ones enjoy the fruits of your labor without outside interference is possible through trust. Specialized trusts can protect inheritances, keeping them aligned with your intentions.
Risk is a facet of life and business. But with careful planning and the right legal and financial strategies, you can minimize these risks and ensure a legacy that lasts.
Contact The Curran Law Firm today to schedule your estate planning meeting.561.935.9763