Asset Protection

Brevard County Asset Protection Attorney

Aggressively Protecting Our Client’s Assets From Creditors

At Buchalter & Pelphrey Attorneys at Law, we provide our clients with aggressive asset protection strategies using our knowledge of the law and business. Asset protection doesn’t have to wait until you’re deceased or serve as a means of estate planning. Our attorneys offer timely asset protection solutions whenever your wealth is vulnerable to seizure from creditors, lawsuits, and tax liens. You don’t have to sit back and watch as your resources are depleted. Our firm's Brevard County asset protection attorneys will work with you to develop an asset protection plan that meets your needs and implements the proper protection strategies to protect your financial interests. Creating an asset protection plan is a specialized legal service requiring knowledgeable attorneys with experience working within this area of the law. A good asset protection plan will protect your property and assets without making them difficult to access. Whether you need a short or long-term asset protection strategy, our Brevard County asset protection attorneys can assist you. Asset protection attorneys understand what it takes to protect the wealth you’ve earned and created.  

If you need help protecting your assets, contact the Brevard County asset protection lawyers at Buchalter & Pelphrey Attorneys at Law. You can call us today at (321) 320-6088 online using our contact portal.

Benefits of an asset protection strategy include the following: 

  • An asset protection plan can be implemented at any time (before or after creditor issues arise)
  • Preemptive defense solutions for your vulnerable property
  • Safeguards to advert levies, liens, judgments, or garnishments

Who Needs an Asset Protection Plan? 

EVERYONE! Implementing an asset protection plan prior to having any creditor issues/liabilities allows for the greatest protection of your assets from any future creditors. 

Anytime your valuable assets are at risk of seizure or your personal real estate holdings and cash reserves are vulnerable because of your business or personal liabilities, you would benefit from a plan to protect all the assets within your estate holdings. Everything you own, your stocks, savings accounts, and real property, are all parts of your estate, and these assets can be vulnerable to lawsuits and creditors unless they’re protected. There are legal methods you can use to protect your assets. One of the primary ways you can do this is by changing the status of your assets from nonexempt to exempt. Nonexempt assets are vulnerable to creditors, seizure, liens, and litigators.

Types of Exempt Assets

Nonexempt assets vulnerable to creditor lawsuits include Individual and joint accounts, personal property, and any real property owned by a couple or an individual. The goal of any good protection plan will involve converting your nonexempt asset into Exempt ones that are protected from seizure. By working with an asset protection attorney, you can start converting assets and finding viable wealth management products that fit your financial or estate planning goals.

Examples of exempt assets include:

  • Annuities
  • Custodial Accounts
  • Disability Income
  • Florida College Tuition Plans
  • Retirement Accounts
  • Life Insurance
  • Social Security Benefits
  • Unemployment benefits

Your asset protection plan can also include liability insurance, business creation, or any other legal instrument that protects your estate and ensures your property isn’t taken away by creditors or a random lawsuit. There are many reasons your property could be vulnerable to seizure. Any legal or financial action from an IRS tax debt to a premise liability case can leave your estate susceptible.

Asset Protection in Financial Planning

Reliable asset protection legal solutions require more than legal competence. You need an attorney with experience creating customizable asset protection strategies. Boilerplate solutions won’t work for this level of specialized legal work, which is why the asset planning attorneys at Buchalter & Pelphrey Attorneys at Law practice a consultative approach to asset protection strategy. We review your financial situation and create a customized plan for you. 

Our Brevard County asset protection attorneys have many strategies at their disposal to protect your financial interests, including but not limited to the following: 

  • (LLC) Limited Liability Company Creation: An LLC creation can shield your personal assets by separating them from your business funds and focusing any asset vulnerabilities toward your business entity. 
  • Liability Insurance: To protect your business and home from lawsuits, liability insurance can provide valuable asset protection. Liability insurance can be used for homes and businesses, but it’s especially valuable to companies vulnerable to liability lawsuits.
  • Targeted Contributions: If your assets are vulnerable to a pending lawsuit or creditors, an asset protection attorney can help you create a contribution plan to contribute legal amounts to all your retirement, pension, and investment products. Once moved into these accounts, your assets are protected according to ERISA laws. 

After spending years working hard to build assets and create wealth, you don’t have to forfeit the bulk of your estate to creditors or litigators. Asset protection can be a tool used to protect your assets anytime they’re vulnerable, but it can also serve as an excellent form of estate planning. Our attorneys can create a well-developed strategy outlining how to reduce your exposure and safeguard your wealth.

Asset Protection in Estate Planning

At Buchalter & Pelphrey Attorneys at Law, we specialize in asset protection and comprehensive estate planning. A protection plan can dissuade creditors from attempting to sue your estate.

Our team's experienced Brevard County asset protection attorneys will review your financial situation and create a strategy that meets your estate planning goals. Our knowledgeable asset protection team confidently creates estate planning strategies designed to help clients weigh their options and choose the most favorable.

Brevard County Asset Protection Attorneys

When you’ve worked to build assets and create wealth, go the extra step and create a protection plan that restricts access to your most vulnerable assets. Don’t leave your assets vulnerable to creditors and litigators trying to poach your property for their clients. The Brevard County asset protection lawyers at Buchalter & Pelphrey Attorneys at Law are experienced asset protection specialists with the legal knowledge needed to ensure you don’t leave everything you’ve earned vulnerable to seizure or lawsuits. Almost a third of potential lawsuits can be avoided simply by having an asset plan. 


Contact our team today about protecting your assets. You can schedule a consultation with our Brevard County asset protection lawyers by calling (321) 320-6088 or using our online contact portal. 


 

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