ASSET PROTECTION
Safeguard Your Business, Real Estate, and Family Wealth from Lawsuits and Creditors
Asset protection is not about hiding assets to avoid taxes or other obligations. Instead, it is about identifying potential risks before they become problems and putting lawful strategies in place to protect what you have worked hard to build. Viridis Law provides strategic, proactive asset protection and estate planning designed for families as well as business owners, real estate investors, and high-risk professionals. The proper planning can make sure your assets are protected from predators, creditors, and lawsuits for growth now and to support loved ones long into the future.
ASSET PROTECTION
Everyone Needs Asset Protection, Not Just the Wealthy
Asset protection is a crucial component of a comprehensive estate plan for everyone-- not only individuals with significant assets, business owners, and professionals but also for anyone looking to protect their children from losing everything left to them to predatory creditors and litigators as well as to wasteful youthful indiscretion.
Strategies are available to minimize your risk and make it more difficult for creditors and others to reach what’s important to you. For those (and their advisors) who are concerned about protecting their assets, understanding the importance of safeguarding your assets is fundamental to long-term financial success.
Asset protection is not a one-size-fits-all solution and can often be complex. Building a robust protection strategy requires the guidance of a skilled advisor who takes the time to know you and help tailor strategies suited to your unique situation.
It’s never too early to protect what you’ve worked for. Whether you’re a business owner, investor, or simply concerned about future risks, Viridis Law can help you create a comprehensive legal plan.
Get Started with a Free Consultation
The appropriate strategy to protect your assets depends on your unique circumstances. Our approach is to take the time to get to know all our clients so that we can determine the right estate plan strategies to fulfill their goals. Get in touch with us now to schedule your initial 15-minute discovery call to get on track to protect the property and people you cherish most.
To schedule an initial consultation with an experienced, knowledgeable attorney, simply call 317-676-6588 or click the bottom below.
WHY IT MATTERS
The Importance of Asset Protection
Separate Business and Personal Risk
Keeps business debts and commercial lawsuits from wiping out your personal home or bank accounts.
Defend Against Lawsuits
Protects your savings if you face claims from car accidents, medical malpractice, or property slip-and-fall incidents.
Safeguard Family Wealth
Help ensure your assets pass smoothly to your heirs as well as manage potential risks related to unexpected financial hardships.
Gain Peace of Mind
Reduce anxiety by mitigating your risk and knowing your hard-earned assets have a legal shield around them.
Schedule a consult to explore your options.
Connect with a legal expert today for a free initial consultation.
Who Needs Asset Protection?
Corporate officer or board director
Non-profit, school, or foundation board member
Business owner navigating a liquidity event/sale
PREDICTABLE FEES
Don't Be Afraid to Contact Your Advisor
Estate Planning
Fees for estate plans are always determined by you - flat rates based on the features you choose, giving you the opportunity to match priorities with your budget. You never have to worry about getting a mystery bill after a wide-ranging estimate of what your fee may be based on an hourly rate.
FAQ
Asset Protection Frequently Asked Questions
Get answers to our most commonly asked questions.
Can I protect an inheritance I leave to my children?
Yes. Asset protection planning is not limited to protecting your own assets. A properly designed trust can provide continued protection for assets you leave to your children or other beneficiaries even while they benefit. Depending on how the trust is structured and applicable law, this may help protect inherited assets from creditors, lawsuits, poor financial decisions, and claims arising from divorce. Just as importantly, the trust can be designed to give your beneficiaries meaningful access to and control over their inheritance without simply handing them everything outright.
Can asset protection planning protect me from a lawsuit?
Asset protection planning cannot prevent someone from filing a lawsuit, but proper planning can help reduce the assets that may be exposed if a claim occurs.
However, the key is planning before the problem arises. Assets may not be moved to avoid paying for liabilities that already exist. Therefore, once a lawsuit, creditor claim, or other liability is pending or reasonably foreseeable, it’s most likely too late to reorganize your assets, and your planning options may be significantly limited.
Should I put my rental properties in an LLC?
For many real estate investors, holding rental property through one or more LLCs can be an important part of an asset protection strategy. An LLC can help separate liabilities associated with a rental property from an owner's personal assets and, depending on the structure, from other investment properties.
There is no one-size-fits-all structure, however. Financing, insurance, taxes, the number and value of the properties, and the owner's overall estate plan should all be considered before transferring real estate into an LLC.
Can I use both LLCs and trusts for asset protection?
Yes. In fact, some of the strongest asset protection plans use multiple legal tools rather than relying on a single strategy.
An LLC might be used to hold a business or investment property, while a trust may own an interest in the LLC or hold other assets. Insurance can provide another layer of protection. Estate planning documents can then coordinate how those assets are managed during incapacity and ultimately transferred at death. The objective is to create a coordinated structure in which each tool has a specific job.
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Let’s Stay Connected
Whether it's estate planning, legal guidance for your business, or both, our regular newsletters keep you connected and informed with practical tips, updates, and encouragement to keep your plan up to date, your business in the right direction, and your mind at peace.
Contact Us
317-676-6588
info@viridislaw.com
320 N. Meridian Street, Suite 1022 Indianapolis, IN 46204