Asset protection takes advantage of laws that allow you to shield your assets from creditors and plaintiffs. When done properly, it is legal and ethical, and it is probably less expensive and less daunting than you think, especially when compared to the cost of losing what you own.
Asset protection is necessary because a creditor or plaintiff could seize virtually any asset you own. In fact, many unscrupulous persons go around looking for any opportunity to do just that. However, the right combination of insurance, liens, and transferring ownership of your assets to other entities would shield your assets from most any creditor or plaintiff while allowing you to maintain control of your assets and enjoy their economic benefits.
Anyone can buy insurance, take out a loan (sometimes called an "equity strip"), or have a trust, corporation, LLC, or partnership set up. However, few know when or how to use each technique. Sadly, even fewer insert the proper technical clauses, thus rendering the asset protection plan almost useless in shielding the assets from predators. The asset protection plans created by Collins Law Corporation utilize proven, legal strategies implemented through well-drafted documents.
Contact Collins Law Corporation today to implement your asset protection plan.