Charleston Asset Protection Lawyers
Unfortunately, the assets you have built up over a lifetime can be threatened and lost through various means, such as taxation, litigation, seizure, and other losses. Asset protection provides you with strategic legal safeguards that limit access to your valuable assets from such actions with perfectly legal measures that are within your rights to create. These safeguards insulate your assets through various documents and strategic steps that can be and must be taken in advance of any claims or lawsuits filed against you by creditors and others.
At Seibert Law Firm, we devote a portion of our practice to estate planning that is designed to protect your wishes and best interests through wills, living wills, and asset protection devices that can range from various trusts to family-limited partnerships, and other means. Our team of attorneys is well-versed in the strategies that can be used on your behalf to protect you as a property owner, business owner, or professional who may be subject to liability that could wipe out your holdings and wealth.
Find out more about how we can help you protect your wealth and assets. Book a free initial consultation with a Charleston asset protection attorney by contacting Seibert Law Firm at (843) 428-6360 today.
More About Asset Protection in South Carolina
Asset protection is like a backup plan that is used to shield your assets from potential lawsuits, liens, judgments, and fraud, and as a hedge against taxes. The strategies that are used in asset protection can benefit anyone from small business owners to lawyers, doctors, property owners, and more.
Professionals in high-risk careers can be especially vulnerable to lawsuits such as malpractice suits. Others can be held liable in lawsuits from business partners or as corporate directors or owners. Property owners can be subject to liability from personal injuries suffered on your premises. Individuals can also face personal injury lawsuits based on traffic accidents. As the guarantor of a loan, you can additionally be held liable in a lawsuit. These can all lead to the loss of your assets.
Asset Protection Strategies
The strategies that can be used in asset protection can include but are not limited to:
- Asset protection trusts, both domestic and offshore
- Business entities
- Exemptions for assets under state law
- Prenuptial and postnuptial marital agreements
- Family-limited partnerships
- Family savings trusts
- Life insurance trusts
- Spendthrift trusts
- Personal residence trusts
Many legal arrangements can be devised to protect your assets from loss. Assets held in trusts and other entities are generally safe from claims seeking to access them. Additionally, placing your assets into proper legal entities may provide you with tax benefits as well.
Our firm can review your asset holdings to work out the most practical and advantageous ways to legally protect them from civil claims. We can educate you on the various means of doing so and help you make informed decisions. How your assets will be best protected will depend on your needs and goals, the type of assets you possess, tax regulations, and more.
Contact us to learn more and discuss your needs today.