Use of Entities in Asset Protection
When it comes to protecting your assets, an ounce of prevention is worth a pound of cure. At Brady, McFarland & Lord, LLC, we can help you proactively protect your assets from potential threats using entities such as corporations, limited liability companies (LLCs) and partnerships.
With more than 21 years of legal experience, our firm’s founding attorney Karen L. Brady can help you construct a strong barrier that prevents your assets from being collected in the event of a lawsuit. We will sit down with you and discuss your financial goals and recommend entities that will help you protect your wealth.
Don’t wait until it’s too late to protect your assets. To schedule a free consultation, contact our firm online or call us toll free at 888-806-7304 from anywhere in the Denver, JeffCo or Front Range areas.
How Can Entities Help Me Protect My Assets?
Entities allow you to separate any assets that may attract liability and prevent them from contaminating your other assets. Corporations, partnerships and limited liability companies (LLCs) allow you to transfer ownership of your assets while still maintaining maximum control. In the event of a lawsuit, the assets in the entity will be protected.
Each entity has a unique set of characteristics and benefits. We will complete a thorough analysis of your finances as well as your concerns and goals before recommending entities that are appropriate for your particular situation. Entities can be just one part of a layered asset protection strategy.
Like other asset protection strategies, entities can only protect you if they are enacted before a lawsuit. That is why we encourage our Colorado clients to discuss their asset protection matters proactively. However, if you are facing a lawsuit, we may be able to use legal strategies to help you protect your other assets from creditors in the future.