Asset Protection Planning is a broad term used to describe the method by which an individual, family or business can preserve their wealth from claims by creditors. The strategies utilized in arranging an asset protection plan will depend on your residence, desired mobility, the amount of access you need to your money, investment objectives and your present circumstances.
At the The Pollock Firm LLC, we counsel clients about asset protection planning techniques which have the effect of placing assets beyond the reach of unknown future creditors to the extent legally and ethically possible. Legitimate asset protection planning does NOT involve hiding assets, using secret agreements or making fraudulent transfers. Rather, asset protection planning combines sophisticated and legitimate business planning and estate planning techniques which result in wealth preservation. The most common estate planning asset protection plan includes the formation of an asset protection trust.
We WILL NOT help you to transfer assets subject to a claim from an existing creditor, so please do not ask.
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