3 Ways Attorneys Can Help With Asset Protection

When you have assets that you want to protect, the best solution is to consult with a professional. Fortunately, you won’t have to look far: There are attorneys who specialize in asset protection who can help you reach your goals. 

The first thing to note is that attorneys who help with asset protection want their clients to have the best protection, no matter what. They really want to know their clients, their clients’ situations, and create a plan that will help them and protect their assets in one. They also know the ins-and-outs of the legal system and how to make that system work for their clients.

Look for a firm that states upfront that it cares about its clients for the best experience. For example, here’s what the attorneys at Jacobson, Julius & Harshberger state on their website: “We care about the people who come to us for counsel — and we are dedicated to achieving results that meet their goals. We understand the stresses involved and work hard to minimize them in every possible way.”

 Keep reading to find out three ways attorneys can help you protect your assets.

1. They Protect You and Your Assets

An attorney can keep you and your assets safe from a lawsuit. If you have an asset protection plan in place, it can deter predatory claimants from trying to separate you from your assets. And sometimes a plan is all the protection you need. If the predatory claimants know you and your attorney are prepared, they may decide to focus on a much easier target.

The plans don’t even have to be that intricate, either. Your attorney can make sure your assets are slightly out of reach, and it’s a job well done.

2. They Create Asset Protection Strategies

It’s true that sometimes all you need is the presence of a strategy for predators to go running. But other times, you really need that strategy. While it’s true a smart person could probably figure out a strategy on their own, it’s better to consult with a professional who knows exactly what to do. And in today’s industry, attorneys experienced in asset protection have more asset-protection instruments and strategies than ever before.

Don’t be afraid to consult with an attorney ahead of hiring one and ask what he might suggest for protecting your assets. If your attorney is truly a specialist worth hiring when it comes to asset protection, he should be able to come up with more than one strategy to protect your assets

3. They Can Plan Ahead

There’s never a good time to state this, but nobody lives forever. People who are prepared will have created a last will and testament to state their wishes, such as who gets what. 

Preparing for the inevitable often includes estate planning, which your asset protection attorney can help with. The attorney can ensure, once you’re gone, that the people who inherit your assets don’t waste them. Or at least the attorney can have a darn good try at resolving issues like this, so your mind is at ease as you sail forth into the future.

Dying or not, it’s always a good idea to go over your asset protection plans when it comes to estate affairs. Life is hectic, both personally and professionally, and you need to make sure your life still aligns with your plans every so often — just in case one day you’ll need to change things up to suit your situation better.

When it comes to changing the plans, an attorney experienced in asset protection will be ahead of the game. Just make sure you have a good relationship with this attorney so they can adjust your plans accordingly as they observe the happenings in your life.

Final Thoughts

Just because you hire an attorney to protect your assets does not mean you have to stick with him or her for the duration. Be on the lookout for telltale signs that the attorney you hired might not be the best choice to handle your asset protection strategies. For example, if your asset protection attorney writes your plan once, then never contacts you again to see if there are adjustments that need to be made, you may need to find someone else. 

Remember that this is a business relationship that you and your attorney need to cultivate over your lifetime. And if you do become unsatisfied with services rendered and find yourself looking for a new attorney, make sure any attorney you consider hiring next is more informed than the last in asset protection for best results.