Asset Protection

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Talk to the experts at McCarty Law Offices, PLC about your options for effective asset protection planning

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What is Asset Protection?

You work hard for your money. When you deposit your paycheck, the bank protects your cash with vault doors and alarm systems so that you may sleep comfortably knowing that your liquid assets are protected. When you spend your cash on things such as vehicles, houses, televisions or any other thing of value, you have converted your cash into another form of asset.

Once you purchase an asset such as your vehicle or home, that asset is immediately vulnerable to loss. It is no longer under the protection of the bank vault. For example, your assets may be stolen or destroyed. Many individuals realize this risk of loss, and choose to insure their valuable property by purchasing homeowner’s insurance, vehicle insurance…etc.

An insurance policy is one form of asset protection. In the event of loss due to a particular cause, such as fire, many insurance policies will protect the value of your asset by financial reimbursement. Unfortunately, many common insurance programs such as homeowner’s insurance only protect your assets from loss based on a short list of specific causes.

Even with traditional insurance, your assets may still be vulnerable to other forms of loss. For example, loss due to legal proceedings such as foreclosure, bankruptcy, repossession due to loss of income, lawsuits brought by a spouse, children or other relative are generally not protected by traditional insurance. In other words, there are several legal avenues by which others may take your hard earned wealth. Fortunately, there are several legal avenues by which you can protect your wealth from financial predators.

The experienced staff at McCarty Law Offices, PLC has streamlined the process of asset protection with a multi-tier strategy that protects your assets so that you can spend your own money, and prevent others from taking it from you. Estate planning services are also available that combine several asset protection strategies that work simultaneously to ensure that your assets are protected to the full extent of the law.

The lifetime asset protection plan is customized for each client and will ensure that your assets are protected during your lifetime. In other words, our goal is to make sure that your personal property, investments and home will remain yours for life. Furthermore, under the lifetime protection plan, our staff will customize a strategy to protect your future to include retirement investments, property and future earnings so that your interests are protected so long as you are alive.

Please click here for more information about Asset Protection Planning during Lifetime

Upon death, your assets are most vulnerable to unethical predatory litigation because you may no longer speak for yourself to express your wishes. You must plan defensively in your lifetime to prevent your loved ones from inheriting a messy legal battle, when they should be inheriting your property.

Like our first tier approach, the second tier asset protection plan offered by McCarty Law Offices, PLC consists of a customized strategy to ensure protection of your assets during disability and after your death. Our staff will explain the various legal vehicles by which your assets can be protected for your surviving loved ones so that you can make an informed decision on a plan that works best for you.

Please click here for more information about Asset Protection Planning after Death

Contact McCarty Law Offices today whether you…

  • Are wealthy, or have only a few assets.
  • Are now unprotected against lawsuits or consider yourself well-protected. We’ll show you how to design your first plan or improve your current protection plan.
  • Have never been sued, are in litigation, or have been sued, or want more protection before you are sued again.
  • Need to protect your own wealth
  • Need to shelter personal assets, your business, or your professional practice.
  • Are starting out and want to secure your future wealth, or want to shelter your nest egg or your children’s inheritance.
  • Want to shield yourself not only against lawsuits, but also creditors, foreclosure deficiencies, former or current spouses, children, relatives, and greedy lawsuit-obsessed citizen.