Asset Protection Law
Asset Protection Attorneys in Pembroke Pines, FL
Asset Protection is a series of legal techniques that are designed to protect the assets of an individual or business from civil money judgments. Many people believe that asset protection is only for the wealthy, but the fact is that many ordinary people can benefit from it. A fluctuating economy, a tough credit market, professional malpractice, toxic waste liability and increasing exposure to tort and contract claims have increased the focus on how to lawfully protect one’s assets from creditors and taxation.
Asset protection can be the difference between losing everything and securing your future. In a time where money and jobs are scarce, individuals need to protect what they have worked so hard to attain.
Just a few examples of lawsuits that could threaten the future of your assets are:
- - Employment practices
- - Contract disputes
- - Business separations
- - Lending/leasing arrangements
- - Purchasing and selling of goods
- - Divorce/separation
- - Libel or slander
Knowing the difference between protecting your assets through insurance policies and legal asset protection techniques is vital when it comes to planning and securing your future.
As with most legal financial issues, waiting until the last moment is not recommended. Waiting too long to protect your assets, especially after a claim has been filed against you for whatever reason, can bring even more problems into your already existing risky financial situation.
Take the initial and important steps to shield the assets you have worked so hard to accumulate.
Sergio Cabanas, Attorney-at-Law