Every year, more lawsuits are filed in the United States than in the rest of the world combined. That’s great news for litigators, but for the rest of us, not so much. It also helps explain why having an asset protection plan of your own is so very important.
Your asset protection plan should accomplish two main goals. First, it should protect you and your spouse against threats to your assets while you are alive. Secondly, it should protect your children’s inheritance against threats after you are gone. The former can involve insulating your personal assets from various business endeavors in order to protect your life savings from creditors. The latter can involve such issues as ensuring a child’s inheritance is safe if he or she gets divorced. This is no minor concern when you consider that half of all marriages today end in divorce. In addition, your grandchildren may need protection to ensure they receive their inheritances if your child dies and your son-in-law or daughter-in-law remarries. Your children may even need protection from themselves if they are not responsible enough to handle an inheritance on their own.
We can show you many ways to protect your assets for the enjoyment of you and your spouse today, the enjoyment of your loved ones after you pass away, and the preservation of your legacy for years to come.
It is important to note that waiting until your assets are under attack from creditors, lawsuits or predators means we cannot utilize all of the strategies and tools available to protect them. The time to create an effective asset protection plan is now. Contact our South Georgia asset protection lawyers today to schedule a consultation.