Canton, GA Asset Protection Lawyer

You’ve worked hard for your assets, whether they’re personal or through a business, so shielding them from risks like creditor claims, lawsuits, bankruptcy, liabilities and more is crucial so that they’re available down the road if you need them. 

At Fouts Law Group we stress the importance of safeguarding your assets because we’ve seen what happens to individuals who don’t. We want to help you make smart decisions regarding your property, retirement accounts, intellectual property and more so you can preserve everything that matters to you. Allow our Canton asset protection lawyers to help you navigate your options for asset protection. Call today for a free consultation to learn about your next steps.

Why Is Asset Protection Important 

If you have anything of financial value, you need asset protection, but you also need the right kind of asset protection depending on your situation. For example, if you’re a business owner, one form of asset protection that is necessary for you is your business entity. A business entity divides your personal assets from your business assets which separates you as a business owner from your business’ liabilities like lawsuits and creditors. Without asset protection, you could be caught up in a legal dispute that leads to your assets being seized. 

As a business owner, you may also want to pass your legacy down to your children or grandchildren. A trust, which is another type of asset protection, is the best way to ensure a smooth transition. 

What Kind Of Asset Protection Do I Need?

There is no set formula for asset protection because everyone has different needs. There are several ways to accomplish guarding your assets that a Canton asset protection lawyer can explain. They can also give you reliable legal advice on which type will best fit your situation. 

A few types of asset protection include:

• Trusts
• Limited liability corporations
• Homestead exemptions
• Insurance Retirement accounts
• Gifting 
• And more!

Why Work With A Canton Asset Protection Lawyer? 

There are several things that can jeopardize your life’s savings – divorce, bankruptcy, medical illness, probate and more. You’ve worked too hard to build up your wealth to have it taken away from you. A Canton asset protection lawyer can assist you with:

• Evaluating your needs individually or as a business owner 
• Building a comprehensive strategy that will keep your assets safe from various risks. 
• Choosing the right accounts to invest in
• Creating revocable or irrevocable trusts that facilitate a smooth transfer of assets upon your death.
• Drafting a power of attorney 
• Drafting a buy/sell agreement
• And more! 

Whether you’re sitting on a sizable amount or you’re beginning to save now, you can rely on our legal guidance to safeguard your wealth and secure your financial future. 

How Fouts Law Group Can Help You

We understand how overwhelming it can be to think of establishing these layers of protection, which is why we’re here to help you through the process. By implementing asset protection, you can shield yourself from risks now, and your family from them later. Especially with legal tools like trusts which will prevent your loved ones from having to go through Georgia’s probate process in the event of your death.

Our lead Canton asset protection lawyer, Jeff Fouts, has 30+ years of experience. His knowledge and familiarity with Georgia’s asset protection laws can give you an advantage in protecting your assets and provide you with peace of mind that your family won’t be left in a difficult position. If you want to mitigate the risks that can deplete your assets, call Fouts Law Group today to schedule a free consultation and learn about what your next steps are.