Clients often ask us about the best way to protect their assets from unnecessary taxation, risk, and potential unknown creditors. Other clients are surprised when we explain that their assets may be exposed to these kinds of liabilities.
There is a common misperception that asset protection in Mesa, AZ is only for the super-wealthy, but our experience has shown that this just isn’t true. Everybody’s situation is different, but there are important planning considerations for entrepreneurs and business owners. There are also unique planning opportunities for families of much more modest means that may help reduce the risk of devastating medical and/or nursing home expenses. Foreign nationals immigrating to the United States may not be aware of the significant tax liabilities that may be imposed on them upon immigrating to the United States. Some families are not aware of the opportunities that they may have to protect family assets from the spendthrift children or the creditors of other family members.
Our goal is to help our clients understand and plan for these types of issues. As a preliminary step in that process, we’ve developed the next blog series to serve as a primer on various asset protection strategies that we deal with on a regular basis, but that may or may not be familiar to most people.
The next series of blog posts will address the following asset protection legal issues:
Adam practices primarily in the areas of business and family-based immigration, trusts and estate planning, and business planning. Contact Adam today at 480-750-7337 or by email at email@example.com.