Layers of Asset Protection
Is your wealth adequately protected? At Brady, McFarland & Lord, LLC, we can help you develop a strategy that protects your wealth from threats. Using layers of asset protection, we will construct a barrier around your wealth that ensures that even if the first layer is compromised, the other layers will provide adequate security.
Karen L. Brady has been serving clients in the Greater Denver, JeffCo and Front Range areas for more than 21 years. She will work with you to understand your financial situation and goals and recommend strategies tailored to your needs.
When Should I Protect My Assets?
The best time to protect your assets from threats is when there are none. If you wait until you have been sued or you are going through a divorce, it may be too late to protect yourself. We encourage you to visit with us before threats strike, so our attorney can help you protect what matters most to you.
How Can a Colorado Liability Protection Lawyers Help Me Protect My Wealth?
First, we will complete a thorough evaluation of your assets and identify any potential threats. Based on our findings, we will recommend to you multiple layers of asset protection. These layers might include:
- Liability insurance: This is usually your first layer of defense against threats to your assets. Home, auto, life and umbrella insurance policies protect you in the event of a lawsuit.
- Limited liability companies (LLCs): Separating assets that may create a liability into a limited liability company ensures that they do not contaminate your other assets.
- Trusts: A trust separates ownership of your assets from the original owner, protecting them from court actions and creditors.
- Offshore trusts: An offshore trust is formed under the laws of an offshore jurisdiction and therefore cannot be touched by the U.S. court system or creditors. These are the most protective entities available, but are also the most expensive and onerous.
We will discuss all of these layers of protection with you and recommend a strategy designed to help you meet your financial goals.