If you have accumulated wealth, whether personally or through a business, that wealth needs to be protected. At Fouts Law Group, LLC, we assist people from all walks of life with that protection. We understand how hard you have worked for your money and the assets you have accumulated. Whether you have a business, personal investments or other assets, you should be able to feel comfortable in the fact that what you have amassed will provide you with security in the future. In order to keep those assets safe, you need to make wise choices. That’s what we are here to help you do.
Fouts Law Group, LLC offers asset protection assistance to our clients. Whether you have just started saving or have already built a collection of assets, we can provide you with the personalized advice and assistance you deserve. Call our office at (678) 242-8344 to speak with a Woodstock asset protection lawyer about how we can help you. We will be happy to answer any questions you have, including:
- Why is asset protection important?
- What type of asset protection assistance do I need?
- How can an asset protection lawyer help me?
Why Is Asset Protection Important?
Even if you haven’t quite amassed your empire, asset protection is still important. In the beginning stages of saving, you need to make sure that you are making the right decisions. When you take time to make these choices carefully, you are taking the necessary steps to not only build your wealth, but to keep that wealth safe. As part of your decision-making process, you should understand what types of accounts you are investing in. If you own and operate your own business, those decisions should also include choosing the appropriate business entity and more.
When you obtain financial security, it is not time to rest. You need to make sure that your assets are protected. If you face divorce, unexpected expenses or even a lawsuit in the future, that protection will be invaluable. You will also want to make sure that what you choose to pass along to your heirs is safe during and following the transfer.
Many people consider the business they have built to be their legacy. A business is something you can hand down to your children and through future generations, whether it is a brick and mortar company or a family farm. You don’t want any issues to arise that would make it impossible for your heirs to keep the business and continue its operation. Losses that you incur during your lifetime and those that happen after your death can ruin that continued operation if you don’t prepare now.
A Woodstock asset protection lawyer can provide you with guidance as you begin to understand the risks you may face and how you can lessen or eliminate them.
What Type of Asset Protection Assistance Do I Need?
The answer to this question is not one-size-fits-all. The type of asset protection you need will depend on what you have accumulated. For example, you may require a specific type of trust if you want to ensure that your assets are transferred to a selected air upon your passing. You may need a different type of trust if you become unable to care for yourself and need extended medical care. An asset lawyer can help you determine what type of trust is essential for your protection.
There are a variety of tools available to help you protect your wealth. Powers of attorney, incorporation and other contractual agreements can protect your assets. For instance, incorporation can protect your business; powers of attorney can give certain types of control to specific people in certain events; and a prenuptial agreement can help ensure that you maintain control of assets you entered your marriage with should you find yourself in divorce court.
How Can an Asset Protection Lawyer Help Me?
Fouts Law Group, LLC is dedicated to assisting people like you in determining the type of asset protection tools you need. We will not only make sure you choose the right tools, but that those tools are made as effective as possible. We are focused on ensuring that each client receives personalized assistance and the biggest risk factors are addressed. If you would like to discover more about how a Woodstock asset protection lawyer can help you secure your assets, call us at (678) 242-8344 or contact us online to speak with an experienced member of our team.