Asset protection is arguably one of the longest trending hot topics of all time. One of the reasons for this is because we all deal with money; we all find ways to earn it, so that we can all spend it accordingly. It’s a major staple in our society that cannot and should not be ignored.
As such, protecting your assets should also become a big part of your life. In today’s world, people sue people for anything, whether it’s for serious reasons or silly ones. Regardless of how serious your case is, it is inevitable that you will be spending attorney and court fees, possibly to only find out that you aren’t in luck, and no measures have been taken to protect your assets.
Avoid losing your hard earned money due to silly technicalities or lack of preparation. There are several common examples where asset protection comes into play, and any of them are just as likely to happen to you, as anyone else. Moneycrashers.com mentions:
Divorce
Auto Accidents
Social Host Liability
Vicarious Liability
Employee Actions
Debt
Medical Issues
A Callable Loan
Foreclosure
For professional and business entities, many other situations can arise. Make sure you are immune to litigation by taking the proper precautions!
Danna & Associates, PC is a law firm specializing in Estate Planning for over 20 years! Given this, we have ample experience and extensive knowledge to help you protect your hard earned money. Call 718.273.0300 for your free consultation today!
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