Secure Your Assets

The financial security of your assets is critical, whether you’re a small business owner navigating unpredictable markets or an individual building generational wealth. Taking precautions now will ensure that any legal issues or unforeseen financial demands in the future won’t jeopardize your hard-earned success.

A legal strategy known as asset protection can safeguard your personal and professional assets against lawsuits, creditors, and unforeseen financial demand. Secure your assets can be employed to shield your assets, such as establishing a limited liability company (LLC), separating your personal and professional accounts, acquiring life insurance policies, and paying down your mortgage. Additionally, investing in retirement plans like IRAs and 401(k)s can help preserve your wealth.

Secure Your Assets: Protecting Wealth Through Diversified Investments

However, it’s important to note that hiding assets isn’t the same as protecting them. Even if you hide your assets from view, they’ll still be vulnerable to claims unless you put safeguards in place. Our Wilmington estate planning attorneys can explain your options for limiting the exposure of your assets through asset segregation and other protective strategies.

It’s also important to understand that federal and state laws prohibit fraudulent conveyance, which involves transferring assets with the intent to hinder or defraud existing or foreseeable creditors. Our attorneys can explain the details of this law and other pertinent laws so you can be sure that your asset protection plan is sound. Learn how to safeguard your assets by contacting us today. We offer complimentary consultations.