Asset Protection Planning Benefits

1) Asset Protection During a Lawsuit

Asset protection trusts offer a way to transfer a portion of your assets into a trust run by an independent trustee.

2) Financial Privacy

One of the benefits of asset protection planning is privacy. You can keep what type of assets or the quantity of property you own to yourself. You can also reduce your “visible” net worth by using asset protection planning as well.

3) Avoiding Lawsuits

Some individuals will target individuals if they know they have assets to pay for a judgment. If you can make it look like you less, that can dissuade others from asserting legal claims against you.

4) Protection from Judgments

Even after a creditor or other plaintiff receives a judgment, he or she still has to collect on it. You can place some assets out of reach of these creditors so that particular property can remain untouched even if the judgment is substantial.

With the help of an asset protection attorney in Wisconsin , you can establish an asset protection plan that will help you to know your present net worth and how much wealth you can anticipate accumulating later on.

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