Asset Protection Planning
Asset Protection Planning in New Jersey
Our attorneys will make sure that your assets will be inherited by your loved ones and heirs. Call us now at (201) 690-1642.
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01.
River Edge, New Jersey Asset Protection Planning Lawyer
The asset protection planning legal team at Giro & Associates, LLP has extensive experience assisting Bergen County, River Edge, New Jersey clients with safeguarding their financial futures.
02.
A wide range of techniques
Timing and compliance with legal requirements are everything when you seek to protect your assets against circumstances involving lawsuits, creditors, divorce, and judgments. There is a wide range of techniques one can employ with asset protection planning, but the list of tactics that may apply to your specific situation is probably quite short. Plus, you need to make absolutely sure to steer clear of any issues that could amount to fraud or criminal contempt.
03.
Safeguard Your Interests in Property with Wise Planning
Our attorneys represent clients with asset protection planning in a variety of situations, but we understand that the need often arises in the context of professional liability. Lawsuits based upon dissatisfaction are common against medical providers, real estate investors, and similar occupations. However, it is smart to work with a lawyer under any circumstances that carry the potential for litigation.
04.
You are in a better position
You are in a better position to fully protect your property if you take action well before the threat of a lawsuit, as fraudulent transfer laws can thwart asset protection planning. Transferring items once another party already makes or perfects a claim can lead to serious consequences, such as a court setting aside a transaction. Note that asset protection planning is not a substitute for proper insurance, but should be considered as a supplement to coverage you do carry.
Asset Protection Structures
After reviewing your situation and applying relevant legal principles, we can advise you on your options for asset protection planning. Some of the more common, most effective tools include:
- Land Trusts: If real estate is among your most valuable assets, you could benefit from employing a land trust to protect it. A land trust eliminates the risk by acting as a privacy shield that holds confidential title to your real estate. Through the arrangement, you are not an owner discoverable through asset searches.
- Limited Liability Business Entities: Creditors that have claims against an individual stakeholder in a limited liability entity cannot take property owned by the company, so an LLC or corporation properly organized under River Edge, NJlaw may be an effective asset protection tool. However, it is necessary to watch out for corporate veil scenarios.
- Offshore Trusts: This type of asset protection planning tool uses a foreign trustee to manage assets. This individual, as a non-citizen of the US, is not bound by the jurisdiction of US courts.
Our Attorneys
Maurice Giro
Managing Member
Mr. Giro takes a compassionate approach to estate planning and elder lawmatters and takes the time to truly understand his clients’ situation and goals…
Andrea M. Beckford
Attorney
Andrea M. Beckford, Esq. is an alumna of Le Moyne College in Syracuse, New York, where she graduated cum laude with a Bachelor’s in Psychology and a Minor in Legal Studies…
Lawrence D. Eichen
Attorney
Andrea M. Beckford, Esq. is an alumna of Le Moyne College in Syracuse, New York, where she graduated cum laude with a Bachelor’s in Psychology and a Minor in Legal Studies…
Our Staff
Leona Guerrido
Receptionist
Carlos Class
Paralegal
Denise Pepe
Medicaid specialist
Browse Elder Law Legal Services
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Finding The Best Way To Protect Your Assets Through Special Methods.
We have the accounting, legal, and investment experience that can help successor trustees.
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We Make Sure That Your Assets Will Be Inherited by Your Loved Ones and Heirs.
