Full Address:
4121 18th Avenue 2nd fl
Brooklyn, NY 11218
Phone:
718-489-9176
Category: Asset Management And
Protection
Website:
Hours:
24h
Payment:
cash,
all credit cards, check
Description:
Business
owners and employers commonly amass significant wealth when their businesses
are highly successful. The problem for these individuals is often protecting
assets from business associates, employees, and government agencies that all
could present a legal challenge over any particular issue. Once again, most
employers are protected from most lawsuits stemming from workplace injuries,
but that is not always the case when a plaintiff attorney can prove negligence
in a court hearing. This possibility could also result in punitive damage
awards in the wrong situation. Having your personal assets protected through a
comprehensive estate plan can make personal assets unavailable for legal
attachment when major financial liabilities could occur.
There
are few individuals in the contemporary economy with wealth that rivals
entertainers and athletes. Even the minimum salaries required for an average
professional athlete can create a need for a comprehensive estate plan. Most
entertainers and athletes know very little about how to structure their assets
in a manner that ensures unscrupulous actors cannot latch onto personal funds.
The list of both who have lost fortunes due to bad advice and suggestion is
extensive. Basic level risk management can work for some, but the truth is that
solid protection is achieved with an overall plan that is structured against
all outside entities with legal claims or business venture ideas.
The
key condition for sound asset protection is having your protection plan in
place and validated before any legal problems happen. It is practically
impossible to protect any asset if a lawsuit has already begun when the court
has the authority to freeze those accounts. Assets protected under instruments
such as
living trusts can set those
funds outside of potential court orders resulting from a lawsuit of any type.
It is vital to always select an experienced estate planner like the legal
professionals at Morgan Legal Group PC who understand the potential problems
and how to insulate their clients’ assets against legal claims.
Keywords:
Guardianship Law Attorney,
Elder Law Attorney, Probate Lawyer
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