It takes a lifetime of hard work to accumulate your assets, but it takes far less to lose them.  The IRS isn’t the only one interested in your hard earned wealth.  Former spouses, sons- or daughters-in-law, former business associates, creditors, and other predators all have a stake.  Certain professionals including doctors, lawyers, landlords, and business owners are also more vulnerable to lawsuits and creditors because of their practices.

Even if you don’t perceive any threats, your children and other loved ones may need to be protected from themselves.  Some of your beneficiaries may be too immature to handle large amounts of money, have poor financial skills, or suffer from alcohol or drug dependency.

Asset Protection refers to the strategies used to protect your assets from those vying interests so that they can be passed on as you have chosen.  However, asset protection only works if you’ve planned well in advance of any threat.  We will help you implement the appropriate asset protection strategies for your situation.

In addition to asset protection planning Davis Schilken, PC provides advanced estate planning expertise in the following areas:

• Multi-Generational Planning
  
• Special Needs Trusts
• Pet Trusts
  
• Tax Planning
• Charitable Planning
• Irrevocable Life Insurance Trusts
• Retirement Planning
• Intentionally Defective Irrevocable Trusts
• Grantor Retained Annuity Trusts
• Family Limited Partnerships

 For information on how to get started on your estate plan visit our Estate Planning Process page.