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Asset
Protection
If you're a litigation target, Aiken Schenk's domestic and offshore asset protection and wealth
preservation attorneys can help you keep what
you've worked so hard to achieve
You “have it all.” A
profitable business or professional practice. A beautiful home. A
growing investment portfolio. Your children in excellent schools.
Dream vacations with your spouse.
Your dream can disappear in an instant, as a defendant in a huge lawsuit. Even if
you did nothing wrong, the risk of attorney fees and emotional wear and
tear can be enormous. The threat to your estate from creditors' claims can take many forms: litigation,
divorce, catastrophic medical costs, a money judgment that exceeds
your insurance limits and leaves you on the hook for a ruinous
financial obligation.
In this legal climate, in Arizona and
elsewhere, you must take decisive, preventive action to protect yourself and
your assets from lawsuits and future creditors. Once a lawsuit has been filed it is too late
for most lawyer-assisted planning. You must
act ahead of time to protect your estate before it comes under
attack.
If you are a business
owner, a professional, a corporate officer or director, a general
partner, or a “deep pocket” target of litigation, you should
consider the benefits of creating an asset protection plan, guided
by an experienced Phoenix law firm such as Aiken Schenk.
From our Phoenix offices, the Aiken
Schenk law firm's asset protection and wealth preservation planning lawyers can
create domestic and offshore (also known as "foreign" or "international")
trusts, legal entities and structures and provide other planning to shield
accumulated wealth from unforeseen claims and risks, including unnecessary
taxes.
Offshore.
Many asset protection plans can be comprised solely of domestic strategies
and structures. However, if your asset protection objectives can best be
achieved by including an international strategy, Aiken Schenk attorneys can assist you
with that as well.
Not long ago, “going
offshore” was
considered the exclusive asset protection province of individuals of enormous wealth,
dubious motives, or both. But as concerns over
litigation and regulation have grown, and as Congressional
unpredictability has confounded traditional estate and tax planning
methods, more and more successful people like you are finding
legal security and peace of mind through sound, well conceived,
international asset protection planning strategies.
Created by an experienced law firm, an international or foreign trust
can be a supplement to, or a total substitute for, a traditional
domestic estate plan. It can legally insulate your assets from lawsuits, discourage creditors
and their lawyers, preserve your
privacy, and significantly expand your investment opportunities.
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