Discover how Atlanta asset protection can help protect your investments. Learn the strategies and laws employed to safeguard your financial future.
What Is Atlanta Asset Protection?
It’s never too early to start planning for your family’s future.
If you have questions, I’m here to help. There is no commitment and we provide free initial 15-minute phone calls. We look forward to meeting you.
An Atlanta asset protection plan is vital to sound financial planning. In the most basic terms, asset protection planning refers to using various techniques to protect one’s assets from the adverse actions of creditors.
For example, adverse judgments in lawsuits can quickly deplete the assets of individuals and families. An experienced Atlanta asset protection lawyer can create a plan to insulate your assets without violating laws associated with concealment (hiding your assets), tax evasion, fraudulent transfer, contempt, or bankruptcy fraud.
In this way, you can ensure that your wealth is protected and that your beneficiaries receive the full value of your estate.
Explore Your Options With an Asset Protection Attorney in Atlanta GA
There are various asset protection strategies that our asset protection attorney in Atlanta, GA, can put to work for you. Depending on your needs, we can help you create an asset protection plan that may include the following:
Utilizing corporate entity structures such as limited liability companies (LLCs), family limited partnerships, and domestic asset protection trusts
Taking advantage of federal and state exemption laws
Setting up offshore trusts
Making use of annuities, life insurance policies, and other similar instruments
Exploring bankruptcy and insolvency options
At The Law Office of Paul Black, we have extensive experience in asset protection planning. Our goal is to protect your assets now and provide for your family’s financial security in the future. We understand that the laws and regulations governing asset protection plans can be complex, and we are here to assist you in navigating the tricky legal waters.
Asset Protection Atlanta for Property Owners
At The Law Office of Paul Black, our estate planning attorneys are experienced in providing various asset protection services.
One such strategy involves putting property or assets under the name of family members or other trusted people. For example, it may be beneficial to gift ownership of real estate or other property to a family member while you retain use of the property for the remainder of your life.
Another asset protection strategy is the transfer of financial resources to offshore banks. By moving your money to an offshore account, you can legally avoid having to pay estate taxes against these resources.
Contact our office today to schedule a consultation, where we can discuss estate planning and the strategies for asset protection that will most benefit you and your family.
Why You Should Seek Assistance From Our Asset Protection Lawyers
One of the most important reasons for hiring an experienced law firm to handle your estate planning and asset protection issues is to avoid violating what are known as Fraudulent Conveyance Laws (FCL).
Under Fraudulent Conveyance Laws, if it is determined that you transferred assets to avoid payment of a judgment against you, the transfer will be considered void. There are two types of fraud under the law: explicit and constructive.
Explicit fraud refers to an individual transferring assets with the knowledge that an existing creditor will seek to attach those assets in a lawsuit.
Constructive fraud is when someone transfers an asset under suspicious circumstances. For example, if you transfer an asset in exchange for an unreasonably low amount of consideration or transfer such a large portion of your assets, you no longer have a reasonable amount of capital. In that case, that may lead to an inference of constructive fraud.
Because of the Fraudulent Conveyance Laws, it is vital to begin incorporating asset protection strategies into your estate planning before creditors try to obtain your assets.
At The Law Office of Paul Black, we have the experience and know-how to guide our clients through the asset protection process easily. Asset protection and estate planning are complex areas of law, so you need to select an attorney who understands the law’s ins and outs and understands that each individual’s financial situation is unique.
Contact an Experienced Atlanta Asset Protection Attorney
At The Law Office of Paul Black, our attorneys have decades of experience helping clients create the best family limited partnership structure to protect their business assets. We understand the financial risks of owning a business and can help you properly navigate the various regulations and laws to protect your hard-earned assets.
Contact us today for a free 15-minute consultation to discuss your financial protection needs. We look forward to helping you protect your financial interests. With our knowledge and experience, we can help you create an asset protection plan tailored to your specific financial situation. Protect your financial future and contact us today.