You may already know that creating a thorough estate plan yields a range of potential benefits, offering a certain degree of protection to both yourself and your loved ones. What you might not realize is that many individuals can also substantially benefit from putting an asset protection plan in place.
For various reasons, you could be at risk of losing certain assets in the future. That does not need to happen. With a thorough asset protection plan, you can be confident your assets are safely insulated.
However, generating an asset protection plan can be a relatively complex process. This is not a task you can handle on your own. Instead, you should enlist the help of an Encino asset protection attorney at the Law Offices of Andrew Cohen. Our team will work with you to develop a robust asset protection plan you can rely on.
Asset Protection in Encino: What You Need to Know
You have worked hard to accumulate assets of various forms. You don’t want to worry about losing them due to unexpected circumstances.
There are a number of potential scenarios which could theoretically jeopardize your assets. Perhaps a creditor attempts to seize your assets for payment of a debt. Maybe someone is harmed on your property and pursues your assets when filing a premises liability lawsuit. Your assets could also potentially be at risk if you are ever involved in certain types of business disputes.
These may not be situations you anticipate facing. However, you can’t predict the future. It’s always wise to be prepared. This is particularly true in an increasingly litigious society.
Asset protection does not consist of one strategy. It refers to a variety of methods that may be used to guard against the seizure or loss of valuable assets. Steps that an asset protection plan may involve often include:
- Maxing out all relevant and applicable insurance coverages
- Keeping personal funds and assets completely separate from business funds and assets
- Placing assets into trusts for personal benefits and for beneficiaries
Those are just a few examples. Our goal is to tailor our approach to your specific needs. To that end, we will work with you closely to ensure we thoroughly understand what your valuable assets consist of, what potential threats may face them in the future, and what can be done to protect your assets accordingly.
Contact an Encino Asset Protection Attorney Today
Don’t make the mistake of assuming you will never have to worry about losing the assets you have acquired and generated over the years. You deserve the peace of mind that comes from knowing your assets are thoroughly protected.
This is precisely what the Encino asset protection attorneys at the Law Offices of Andrew Cohen deliver. We respect the fact that you have worked to provide for yourself and your family, and we want to help you avoid losing any of the assets you have gathered due to a number of potential circumstances that may arise. To learn more about what we can do for you, contact us online today to schedule a free consultation or call our offices at 661-481-0100.