More and more people are using the legal system to deprive others of their life's work.
Business owners, professionals such as doctors, dentists, lawyers and accountants, and property owners in particular should be aware of the risks associated with conducting their business, practicing in their respective fields, and taking responsibility for others.
Without a change to our legal system, the risk and potential liability is not going to decline. Assets can be at risk due to a number of vulnerabilities, including:
Professional malpractice liability
Personal liability of corporate officers and directors
Lawsuits by former business partners
Personal injury suffered on your premises
Personal injury resulting from a motor vehicle accident
Liability as guarantor for the debts of another
Liability arising from misconduct
Asset Protection is not about giving in to fear. It is about empowering yourself in the face of it. The LegalJourney Law Firm works with clients to implement proven; legally sound strategies that will help preserve their wealth and safeguard their assets.
The LegalJourney Law Firm represents professionals, small business owners, property owners, and other clients with the goal of protecting their assets against potential litigation, judgments, liens, and fraud.
Insurance alone does not always adequately protect against all of these threats. Clients are helped to protect their wealth using a variety of strategies including the use of special trusts, business entities and other legal arrangements.
Shielding Assets from Creditors
Client’s finances, real property and other assets are arranged in a manner that minimizes their exposure to potential creditors. By establishing trusts, determining insurance needs, creating estate plans and organizing investments and business entities, clients are able to enjoy the highest level of confidence in terms of the security of their accumulated assets.
A creditor who initiates litigation against a person who has placed his or her assets into a trust, a foundation, or other entity may find that there are very few collectible assets actually owned by the person they wish to sue. Assets owned by a properly structured trust, foundation, or other entities are generally not subject to claims against their beneficiaries. In addition, placing assets into an asset protection entity may have the additional benefit of removing those assets from a person’s taxable estate.
The LegalJourney Law Firm will evaluate current client holdings and work with clients to identify the best ways to legally protect those holdings from a variety of creditors, whether through civil suits involving negligence or malpractice.
The exact strategies employed may vary depending on the client, the nature of the assets, the country of origin, and the tax regulations that apply to those assets.
Asset Protection with the LegalJourney Law Firm:
The LegalJourney Law Firm believes the goal of any asset protection strategy is to protect you, your family and your business from the expected and unexpected financial and legal risks of tomorrow. After doing an initial analysis of your current assets, you will be guided through each step of your asset protection journey, with the goals of:
Safeguarding your wealth and
Complementing your current Estate Plan
All at a fixed priced, determined before beginning your legal journey through asset protection planning.
Contact the LegalJourney Law Firm today to schedule an initial consultation with an Attorney.
Consultations are available in-person (either in office or at another mutually agreeable Tampa Bay area location) or online.
After hours and weekend consultations are also available.
Begin Your LegalJourney Today*:
1. Call (1-888-9LG-JRNY) to schedule a consultation or
2. Request a Consultation today using our website.
*All fees charged for initial consultations are credited when you retain the LegalJourney Law Firm.