Asset Protection Lawyer in Riverview, Florida
If you own your own business and don’t want your personal assets to be attacked by business creditors or business lawsuits, an asset protection lawyer in Riverview, Florida at The Reyes Firm may be able to help you. If you are a high net worth individual and want to protect your assets for the next generation, or if you are getting married and want to secure your personal assets in the event of a divorce, the Riverview, Florida asset protection lawyer in Riverview, Florida is here to help.
Asset protection is designed to be a proactive tool to protect wealth before the issue of a lawsuit, creditor claim, or divorce arises. An asset protection lawyer in Riverview, Florida at The Reyes Firm can help you assess your risks and liabilities and assist you with selecting the best asset protection structure and tool for your needs. If you have questions about how to best protect your wealth, contact The Reyes Firm, a Riverview, Florida asset protection law firm today.
Types of Asset Protection Tools
There are several different types of asset protection tools that might be available to you. Some tools include asset protection trusts, limited liability companies, prenuptial agreements, and insurance policies. The key to successful asset protection is appropriate planning. The Reyes Firm is a Riverview, Florida asset protection law firm that may be able to help you. Here are some asset protection strategies that The Reyes Firm might be able to review with you when you contact us:
- Asset Protection Trusts. Asset protection trusts can include irrevocable trusts or offshore trusts. These types of trusts can help you pass assets to the next generation while ensuring that you have a say about how your assets are passed on, while also protecting your wealth from creditors, lawsuits, or divorce. Different types of asset protection trusts can be used for different scenarios. The Reyes Firm is an asset protection law firm in Riverview, Florida that can review your needs and help you find the asset protection structure that’s best for you.
- Limited Liability Companies. If you own your own business and want to protect your personal assets from business creditors or lawsuits, a limited liability company might be one way to protect your assets. If you own income-earning property, limited liability companies might be one way to shield and protect these assets.
- Insurance Policies. Insurance policies are another way you can protect your wealth. For example, an umbrella insurance policy can cover you should you max out on the limit of other insurance policies you might have. If you think about the fact that many auto insurance policies have low-limits, and that many car accident injuries can lead to hundreds of thousands in damages, it becomes apparent why an umbrella insurance policy might be a wise investment. Other insurance policies include malpractice policies for professionals who work in fields where lawsuits are common. Life insurance policies may also be shielded from creditors and may offer another vehicle through which individuals can protect wealth.
- Prenuptial Agreements. If you are getting married and want to protect your wealth or the assets you’ve built, a prenuptial agreement is a good idea. With a prenuptial agreement you can make clear which assets are separate property and which assets are shared. A prenuptial agreement is a great way to begin to discuss wealth, finances, and financial expectation with a future partner.
These are only a few of the asset protection strategies that may be available to you. If you are thinking of ways to protect your legacy or want to identify risks to your wealth, and ways you can mitigate these risks, the asset protection lawyers in Riverview, Florida at The Reyes Firm may be able to help you. Contact our asset protection attorneys today to learn more.
Asset Protection and Fraudulent Transfer
Asset protection is meant to be proactive and cannot be initiated after a lawsuit, creditor claim, or divorce has begun. Fraudulent transfer laws prevent the creation of asset protection trusts after a lawsuit or claim has been made. The key to asset protection is to plan. The asset protection lawyers in Riverview, Florida at The Reyes Firm can help you understand your rights and responsibilities when it comes to asset protection.
Contact a Riverview, Florida Asset Protection Lawyer
The Riverview, Florida asset protection lawyers at The Reyes Firm are here to help you if you need help with asset protection. Passing wealth to the next generation can feel like an immense responsibility. Protecting your assets and wealth can bring with it unique challenges that may be specific to your situation. The Riverview, Florida asset protection law firm at The Reyes Firm is here to help. We can take the time to understand your unique circumstances, help you select the asset protection vehicles that best meet your needs, and work with you to implement these strategies. Contact our Riverview, Florida asset protection lawyer today at The Reyes Firm.
