A Skilled Attorney Who Protects Your Assets and Property
Protecting your assets from future lawsuits and potential creditors is a wise step to take, especially if you have significant assets and moderate to high levels of risk. For the guidance and advice you need for comprehensive asset protection, call on the Law Office of Nicole James. I have more than 16 years of experience practicing law and have focused much of my career on financial and business legal issues. This gives me a unique perspective on asset protection, which I leverage to give you the best strategies possible for your circumstances and needs.
To learn more about how you can protect your assets and property now and in the years to come, speak with a dedicated asset protection lawyer at the Law Office of Nicole James. Contact my firm online or call 617-213-5003 to set up an appointment.
Estate Planning Areas
Many people don’t realize the risks they take by not engaging in comprehensive asset protection. With a national divorce rate hovering at about 50 percent and lawsuits in the business and corporate world common, it’s important to take steps to protect what you’ve earned over the course of your lifetime. This is particularly true for business professionals, real estate developers and entrepreneurs, but is also a wise investment for people from all walks of life.
Asset protection is not about hiding your assets or property. Rather, you can use existing laws and regulations to set up structures that keep you and the people close to you protected. By doing so, you can also become a less desirable target for claimants.
There are various types of asset protection approaches you can leverage, from very basic options to advanced, cohesive strategies for high-wealth individuals. The process starts with examining state and federal exemptions for things like retirement plans, life insurance policies and property you own with a spouse or domestic partner. If you need more advanced planning, you may explore strategies like trusts and different business entities to protect yourself against creditors.
Advanced asset protection may include the following:
- Professional entity formation, including professional association (PA), professional corporation (PC) or professional limited liability company (PLLC)
- Leasing specialized or valuable equipment and real estate owned by an LLC, in addition to various other accounts receivable options
- FLP/FLLC to own non-practice assets
- Setting up domestic asset protection trusts